Handelsbanken Fonder AB Has $601,000 Stake in Zillow Group, Inc. (NASDAQ:ZG)

Handelsbanken Fonder AB boosted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 37.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,600 shares of the technology company’s stock after acquiring an additional 2,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zillow Group were worth $601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Zillow Group by 1.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock worth $1,254,000 after acquiring an additional 250 shares in the last quarter. Ieq Capital LLC boosted its stake in Zillow Group by 2.3% in the third quarter. Ieq Capital LLC now owns 12,955 shares of the technology company’s stock worth $580,000 after purchasing an additional 286 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Zillow Group by 2.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,542 shares of the technology company’s stock worth $882,000 after purchasing an additional 360 shares during the last quarter. Rafferty Asset Management LLC increased its stake 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 buying an additional 414 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. raised its holdings in shares of Zillow Group by 1.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 38,154 shares of the technology company’s stock valued at $2,207,000 after buying an additional 416 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $42.00 on Wednesday. Zillow Group, Inc. has a twelve month low of $33.23 and a twelve month high of $59.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The company’s fifty day moving average is $48.30 and its 200-day moving average is $47.65.

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 2.32% and a negative net margin of 8.12%. The company had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. On average, equities analysts predict that Zillow Group, Inc. will post -0.18 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 3,086 shares of the company’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 completion of the transaction, the insider now directly owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the sale, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Daimler sold 15,206 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $56.36, for a total value of $857,010.16. Following the transaction, the insider now directly owns 36,148 shares of the company’s stock, valued at approximately $2,037,301.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,289 shares of company stock valued at $9,642,508. 17.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on ZG shares. DA Davidson reissued a “buy” rating and set a $63.00 price objective on shares of Zillow Group in a report on Friday, April 5th. Piper Sandler boosted their price objective on shares of Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Stephens reiterated an “overweight” rating and issued a $79.00 price objective on shares of Zillow Group in a research report on Wednesday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Zillow Group in a research report on Tuesday, March 5th. Finally, Barclays raised their target price on shares of Zillow Group from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Hold” and a consensus target price of $58.20.

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.