Hsbc Holdings PLC Has $229,000 Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Hsbc Holdings PLC lowered its stake in Zillow Group, Inc. (NASDAQ:ZG – Get Rating) by 40.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,803 shares of the technology company’s stock after selling 5,411 shares during the period. Hsbc Holdings PLC’s holdings in Zillow Group were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. New York State Common Retirement Fund lifted its position in shares of Zillow Group by 0.7% in the third quarter. New York State Common Retirement Fund now owns 56,690 shares of the technology company’s stock worth $1,623,000 after buying an additional 375 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Zillow Group by 0.4% in the first quarter. Baird Financial Group Inc. now owns 111,054 shares of the technology company’s stock worth $5,356,000 after purchasing an additional 403 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Zillow Group by 69.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company’s stock worth $53,000 after purchasing an additional 441 shares during the period. Pinnacle Associates Ltd. increased its stake in shares of Zillow Group by 3.8% in the third quarter. Pinnacle Associates Ltd. now owns 13,725 shares of the technology company’s stock worth $393,000 after purchasing an additional 500 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Zillow Group by 10.0% in the first quarter. HighTower Advisors LLC now owns 7,096 shares of the technology company’s stock worth $339,000 after purchasing an additional 644 shares during the period. Institutional investors and hedge funds own 20.21% of the company’s stock.

Zillow Group Stock Down 0.3 %

Shares of ZG opened at $38.65 on Friday. The company has a market capitalization of $9.06 billion, a P/E ratio of -87.84, a PEG ratio of 68.29 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 13.34 and a quick ratio of 13.34. Zillow Group, Inc. has a one year low of $26.21 and a one year high of $55.86. The business’s 50 day simple moving average is $41.57 and its 200-day simple moving average is $35.96.

Zillow Group (NASDAQ:ZG – Get Rating) last announced its earnings results on Wednesday, February 15th. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.04. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $414.39 million. Zillow Group had a negative return on equity of 0.54% and a negative net margin of 1.63%. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, insider Susan Daimler sold 4,103 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $46.36, for a total transaction of $190,215.08. Following the transaction, the insider now owns 28,486 shares of the company’s stock, valued at approximately $1,320,610.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Zillow Group news, insider Susan Daimler sold 4,103 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $46.36, for a total transaction of $190,215.08. Following the completion of the sale, the insider now owns 28,486 shares in the company, valued at approximately $1,320,610.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 2,395 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $46.35, for a total transaction of $111,008.25. Following the sale, the chief technology officer now owns 115,939 shares of the company’s stock, valued at approximately $5,373,772.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,837 shares of company stock valued at $1,910,195. 18.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Zillow Group from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, February 16th. Citigroup boosted their price target on Zillow Group from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, February 17th. JPMorgan Chase & Co. assumed coverage on Zillow Group in a research note on Monday, February 27th. They set an “overweight” rating and a $48.00 price target on the stock. Canaccord Genuity Group boosted their price target on Zillow Group from $48.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday, February 16th. Finally, Craig Hallum boosted their price target on Zillow Group from $38.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.30.

Zillow Group Profile

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Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.