Simon Quick Advisors LLC Sells 1,629 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Simon Quick Advisors LLC cut its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,947 shares of the technology company’s stock after selling 1,629 shares during the period. Simon Quick Advisors LLC’s holdings in Zillow Group were worth $866,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Zillow Group during the fourth quarter worth about $165,326,000. Dimensional Fund Advisors LP grew its position in Zillow Group by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company’s stock worth $31,578,000 after buying an additional 27,345 shares in the last quarter. Virtu Financial LLC grew its position in Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after buying an additional 211,482 shares in the last quarter. Selkirk Management LLC grew its position in Zillow Group by 14.0% during the fourth quarter. Selkirk Management LLC now owns 365,800 shares of the technology company’s stock worth $25,917,000 after buying an additional 45,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Zillow Group by 1,261.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after buying an additional 241,331 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ZG has been the topic of a number of recent research reports. Citigroup decreased their target price on Zillow Group from $98.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. UBS Group decreased their price objective on Zillow Group from $98.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods raised Zillow Group to a “hold” rating in a report on Friday, March 28th. Piper Sandler lifted their price objective on Zillow Group from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, KeyCorp decreased their price objective on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.80.

Zillow Group Stock Performance

NASDAQ:ZG opened at $70.64 on Friday. The stock’s fifty day moving average price is $65.58 and its two-hundred day moving average price is $71.30. Zillow Group, Inc. has a 52-week low of $40.30 and a 52-week high of $86.58. The company has a market cap of $17.06 billion, a price-to-earnings ratio of -150.30, a P/E/G ratio of 8.90 and a beta of 2.11.

Zillow Group (NASDAQ:ZG) last posted 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). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million for the quarter, compared to analyst estimates of $587.88 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other news, Director Erik C. Blachford sold 965 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $70.35, for a total value of $67,887.75. Following the transaction, the director now owns 35,474 shares of the company’s stock, valued at $2,495,595.90. This represents a 2.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jun Choo sold 11,725 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.77, for a total value of $806,328.25. Following the sale, the chief operating officer now directly owns 130,186 shares in the company, valued at $8,952,891.22. The trade was a 8.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,706 shares of company stock valued at $7,182,022 in the last 90 days. 17.14% of the stock is owned by company insiders.

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.