Lido Advisors LLC Sells 16,778 Shares of Zillow Group, Inc. $ZG

Lido Advisors LLC decreased its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 33.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 34,068 shares of the technology company’s stock after selling 16,778 shares during the period. Lido Advisors LLC’s holdings in Zillow Group were worth $1,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Zillow Group by 40.5% in the 1st quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock worth $862,000 after acquiring an additional 3,717 shares in the last quarter. Millennium Management LLC boosted its position in shares of Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after purchasing an additional 152,955 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Zillow Group by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock worth $5,878,000 after purchasing an additional 5,737 shares during the period. JPMorgan Chase & Co. grew its stake in Zillow Group by 5.8% in the second quarter. JPMorgan Chase & Co. now owns 21,093 shares of the technology company’s stock worth $1,445,000 after purchasing an additional 1,150 shares during the period. Finally, Prudential Financial Inc. raised its holdings in Zillow Group by 16.3% in the second quarter. Prudential Financial Inc. now owns 7,933 shares of the technology company’s stock worth $543,000 after purchasing an additional 1,110 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Insider Buying and Selling

In other Zillow Group news, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $115,117.20. Following the completion of the sale, the insider directly owned 49,696 shares in the company, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Bradley D. Owens sold 3,364 shares of Zillow Group stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $37.23, for a total transaction of $125,241.72. Following the completion of the transaction, the general counsel directly owned 65,245 shares of the company’s stock, valued at $2,429,071.35. This trade represents a 4.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 42,910 shares of company stock worth $1,605,732 over the last quarter. 29.88% of the stock is owned by insiders.

Zillow Group Trading Up 4.3%

Shares of NASDAQ:ZG opened at $31.99 on Tuesday. The stock has a fifty day simple moving average of $33.44 and a two-hundred day simple moving average of $43.42. Zillow Group, Inc. has a 12-month low of $29.03 and a 12-month high of $90.22. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 127.96, a PEG ratio of 1.31 and a beta of 1.95.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, May 6th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $705.17 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on ZG shares. Mizuho lowered their price objective on Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Zacks Research upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Barclays lowered their price target on shares of Zillow Group from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. BTIG Research reissued a “neutral” rating on shares of Zillow Group in a research note on Thursday, June 11th. Finally, UBS Group cut their price objective on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.48.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.