New York State Common Retirement Fund Has $2.52 Million Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

New York State Common Retirement Fund cut its position in Zillow Group, Inc. (NASDAQ:ZG) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,400 shares of the technology company’s stock after selling 4,255 shares during the period. New York State Common Retirement Fund’s holdings in Zillow Group were worth $2,518,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new position in Zillow Group during the 4th quarter worth about $31,000. Pathstone Family Office LLC bought a new position in shares of Zillow Group in the third quarter worth about $217,000. New York Life Investment Management LLC acquired a new position in shares of Zillow Group during the third quarter worth approximately $267,000. International Assets Investment Management LLC grew its stake in shares of Zillow Group by 96.8% during the fourth quarter. International Assets Investment Management LLC now owns 5,672 shares of the technology company’s stock valued at $322,000 after purchasing an additional 2,790 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in shares of Zillow Group by 5.7% in the third quarter. Rafferty Asset Management LLC now owns 7,647 shares of the technology company’s stock valued at $343,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $42.36 on Wednesday. The stock’s fifty day simple moving average is $47.02 and its 200 day simple moving average is $47.70. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $9.89 billion, a PE ratio of -61.39 and a beta of 1.87. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $59.23.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The company had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. On average, research analysts predict that Zillow Group, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on ZG. Bank of America cut Zillow Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 10th. Canaccord Genuity Group dropped their price objective on Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a report on Monday, April 29th. Barclays reduced their target price on shares of Zillow Group from $40.00 to $35.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price target on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Craig Hallum reduced their price objective on shares of Zillow Group from $65.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus price target of $57.40.

Insiders Place Their Bets

In related news, insider Dan Spaulding sold 3,086 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the sale, the insider now directly owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Dan Spaulding sold 3,086 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, the insider now directly owns 48,294 shares in the company, valued at $2,801,052. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,289 shares of company stock worth $9,642,508. Company insiders own 17.14% of the company’s stock.

Zillow Group Company 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.