Mint Tower Capital Management B.V. Lowers Position in Zillow Group, Inc. (NASDAQ:ZG)

Mint Tower Capital Management B.V. decreased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,763 shares of the technology company’s stock after selling 11,634 shares during the quarter. Zillow Group makes up 0.7% of Mint Tower Capital Management B.V.’s portfolio, making the stock its 23rd biggest holding. Mint Tower Capital Management B.V.’s holdings in Zillow Group were worth $2,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after buying an additional 159 shares during the period. Blue Trust Inc. boosted its stake in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Zillow Group by 0.6% in the fourth quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company’s stock worth $6,520,000 after acquiring an additional 509 shares during the period. Ieq Capital LLC grew its position in shares of Zillow Group by 4.9% during the fourth quarter. Ieq Capital LLC now owns 12,123 shares of the technology company’s stock worth $859,000 after purchasing an additional 566 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in Zillow Group during the 4th quarter valued at approximately $47,000. Institutional investors own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ZG shares. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Piper Sandler cut their target price on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Bank of America increased their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Susquehanna lifted their target price on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.25.

Zillow Group Trading Down 2.8 %

Shares of ZG opened at $70.08 on Thursday. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The company’s fifty day simple moving average is $75.09 and its 200-day simple moving average is $70.36. The company has a market cap of $17.00 billion, a P/E ratio of -149.11, a P/E/G ratio of 8.90 and a beta of 2.33.

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%. Analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,065 shares of company stock valued at $7,660,165 in the last quarter. 17.14% of the stock is owned by insiders.

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.