Royal London Asset Management Ltd. Acquires 2,633 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Royal London Asset Management Ltd. increased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,270 shares of the technology company’s stock after acquiring an additional 2,633 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Zillow Group were worth $1,082,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ZG. Mirabella Financial Services LLP bought a new position in shares of Zillow Group in the 3rd quarter worth $11,351,000. JPMorgan Chase & Co. raised its holdings in Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after buying an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after buying an additional 5,539 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Zillow Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares during the last quarter. Finally, Virtu Financial LLC increased its position in shares of Zillow Group by 132.1% during the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after acquiring an additional 118,830 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock worth $7,660,165 in the last quarter. 17.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on ZG. DA Davidson lifted their price target on Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. JMP Securities lifted their target price on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Craig Hallum increased their price target on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Susquehanna lifted their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Piper Sandler lowered their target price on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.25.

Zillow Group Stock Up 3.6 %

NASDAQ ZG opened at $72.30 on Tuesday. The company’s 50 day moving average is $75.07 and its 200-day moving average is $70.22. The firm has a market cap of $17.54 billion, a P/E ratio of -153.83, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Zillow Group Profile

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.