Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by US Bancorp DE

US Bancorp DE grew its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 6.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 297,819 shares of the technology company’s stock after buying an additional 18,136 shares during the period. US Bancorp DE owned 0.13% of Zillow Group worth $18,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its position in Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Zillow Group by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after buying an additional 421 shares during the period. Creative Planning boosted its stake in Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after buying an additional 439 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Zillow Group during the third quarter worth about $29,000. Finally, Wedmont Private Capital boosted its stake in Zillow Group by 4.2% during the second quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock worth $610,000 after buying an additional 504 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZG has been the subject of several research analyst reports. Citigroup increased their target price on shares of Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Barclays raised their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Susquehanna raised their price objective on shares of Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. UBS Group raised their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Benchmark raised their price objective on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.53.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total value of $159,061.38. Following the transaction, the insider now directly owns 70,342 shares in the company, valued at $3,740,787.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total transaction of $159,061.38. Following the sale, the insider now directly owns 70,342 shares in the company, valued at approximately $3,740,787.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Daimler sold 3,484 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total transaction of $188,763.12. Following the sale, the insider now owns 22,464 shares in the company, valued at $1,217,099.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock worth $11,780,363 in the last three months. Insiders own 17.14% of the company’s stock.

Zillow Group Stock Down 0.7 %

Shares of Zillow Group stock opened at $57.67 on Friday. The firm’s fifty day simple moving average is $58.73 and its 200-day simple moving average is $49.76. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $66.75. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $538.36 million. During the same period in the previous year, the company posted ($0.05) EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.