B. Metzler seel. Sohn & Co. AG Has $708,000 Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

B. Metzler seel. Sohn & Co. AG decreased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 20.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the technology company’s stock after selling 2,500 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Zillow Group were worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Walleye Capital LLC purchased a new position in Zillow Group during the 3rd quarter worth approximately $212,000. Quantinno Capital Management LP acquired a new stake in shares of Zillow Group in the third quarter worth $325,000. Quadrature Capital Ltd purchased a new position in shares of Zillow Group during the third quarter valued at $418,000. State Street Corp raised its position in Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after buying an additional 2,832 shares during the period. Finally, M&T Bank Corp purchased a new stake in Zillow Group in the 3rd quarter worth about $258,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Down 2.3 %

ZG opened at $65.32 on Friday. The stock’s 50 day moving average price is $73.99 and its two-hundred day moving average price is $70.84. The firm has a market capitalization of $15.84 billion, a P/E ratio of -138.98, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Cantor Fitzgerald lifted their target price on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Piper Sandler lowered their price objective on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. KeyCorp cut their target price on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Citigroup boosted their price target on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, UBS Group increased their price objective on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.25.

Insider Activity

In related news, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,919 shares of company stock valued at $7,869,478. Insiders own 17.14% of the company’s stock.

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.