Baird Financial Group Inc. Sells 1,655 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Baird Financial Group Inc. lowered its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.7% in the fourth quarter, HoldingsChannel reports. The fund owned 33,704 shares of the technology company’s stock after selling 1,655 shares during the period. Baird Financial Group Inc.’s holdings in Zillow Group were worth $2,388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group in the fourth quarter valued at about $27,000. Blue Trust Inc. increased its holdings in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Asset Dedication LLC bought a new stake in Zillow Group in the fourth quarter valued at about $47,000. Assetmark Inc. increased its holdings in Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after purchasing an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

Insider Transactions at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,919 shares of company stock worth $5,744,978. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Up 0.0%

NASDAQ:ZG opened at $66.78 on Monday. The stock’s 50 day moving average price is $66.35 and its two-hundred day moving average price is $71.32. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of -142.09, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12-month low of $38.40 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Zillow Group’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on ZG. Evercore ISI upped their price objective on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. UBS Group decreased their target price on Zillow Group from $98.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Barclays decreased their target price on Zillow Group from $64.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday. Citigroup decreased their target price on Zillow Group from $98.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, William Blair initiated coverage on Zillow Group in a research report on Monday, April 21st. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

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.