Nia Impact Advisors LLC Sells 1,375 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Nia Impact Advisors LLC lowered its stake in Zillow Group, Inc. (NASDAQ:ZG) by 4.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 31,347 shares of the technology company’s stock after selling 1,375 shares during the period. Nia Impact Advisors LLC’s holdings in Zillow Group were worth $1,412,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new stake in shares of Zillow Group in the first quarter valued at about $32,000. Quadrant Capital Group LLC boosted its holdings in Zillow Group by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after purchasing an additional 237 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Zillow Group during the 1st quarter worth approximately $53,000. Signaturefd LLC increased its holdings in shares of Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Zillow Group in the first quarter valued at approximately $84,000. 20.32% of the stock is owned by institutional investors.

Insider Transactions at Zillow Group

In other news, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the sale, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of Zillow Group stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the sale, the chairman now directly owns 582 shares of the company’s stock, valued at $29,583.06. The disclosure for this sale can be found here. Insiders have sold 198,548 shares of company stock valued at $10,221,048 over the last ninety days. 17.14% of the stock is owned by company insiders.

Zillow Group Stock Performance

NASDAQ:ZG opened at $57.84 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1-year low of $33.23 and a 1-year high of $59.23. The stock’s 50-day moving average is $50.21 and its 200-day moving average is $46.98. The stock has a market cap of $13.39 billion, a P/E ratio of -83.83 and a beta of 2.00.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. Zillow Group’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) earnings per share. Equities research analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ZG shares. Cantor Fitzgerald began coverage on Zillow Group in a research note on Thursday, September 5th. They set a “neutral” rating and a $47.00 price objective on the stock. UBS Group raised their price target on Zillow Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Evercore ISI upped their price objective on shares of Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Citigroup raised their target price on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Susquehanna upped their price target on shares of Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.56.

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.