Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,359 shares of the technology company’s stock after acquiring an additional 4,373 shares during the quarter. Federated Hermes Inc.’s holdings in Zillow Group were worth $2,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Zillow Group by 38.0% during the 1st quarter. GAMMA Investing LLC now owns 1,828 shares of the technology company’s stock valued at $122,000 after acquiring an additional 503 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zillow Group by 60.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,044 shares of the technology company’s stock valued at $404,000 after acquiring an additional 2,288 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Zillow Group by 253.3% during the 1st quarter. SG Americas Securities LLC now owns 20,980 shares of the technology company’s stock valued at $1,403,000 after acquiring an additional 15,042 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Zillow Group during the 4th quarter valued at $228,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of Zillow Group by 21.5% during the 4th quarter. Two Sigma Advisers LP now owns 14,090 shares of the technology company’s stock valued at $998,000 after acquiring an additional 2,490 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Up 4.2%

Shares of NASDAQ:ZG opened at $80.39 on Tuesday. Zillow Group, Inc. has a fifty-two week low of $40.30 and a fifty-two week high of $86.58. The firm has a 50-day simple moving average of $71.33 and a 200 day simple moving average of $70.64. The company has a market cap of $19.41 billion, a PE ratio of -236.44, a P/E/G ratio of 14.25 and a beta of 2.07.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Zillow Group had a negative net margin of 3.51% and a negative return on equity of 1.62%. The business had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. During the same period in the prior year, the company earned $0.36 EPS. Zillow Group’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ZG shares. The Goldman Sachs Group reduced their target price on shares of Zillow Group from $77.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Benchmark dropped their price target on shares of Zillow Group from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. UBS Group dropped their price target on shares of Zillow Group from $98.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. DA Davidson reaffirmed a “buy” rating and set a $85.00 price target on shares of Zillow Group in a research note on Friday, July 18th. Finally, William Blair initiated coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.45.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 10,984 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $757,676.32. Following the completion of the transaction, the chief executive officer directly owned 171,517 shares of the company’s stock, valued at $11,831,242.66. The trade was a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dan Spaulding sold 5,534 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $381,735.32. Following the transaction, the insider directly owned 68,889 shares of the company’s stock, valued at $4,751,963.22. The trade was a 7.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,093 shares of company stock worth $6,989,688. 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.