Thrivent Financial for Lutherans Has $8.85 Million Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Thrivent Financial for Lutherans grew its position in Zillow Group, Inc. (NASDAQ:ZG) by 93.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,917 shares of the technology company’s stock after purchasing an additional 68,984 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of Zillow Group worth $8,851,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. bought a new position in Zillow Group during the first quarter worth about $1,597,000. Russell Investments Group Ltd. increased its holdings in shares of Zillow Group by 148.6% during the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after purchasing an additional 19,087 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Zillow Group by 24.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock valued at $2,233,000 after buying an additional 9,828 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Zillow Group by 169.9% in the first quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock valued at $1,186,000 after buying an additional 15,594 shares during the period. Finally, Garde Capital Inc. increased its stake in Zillow Group by 132.7% during the 2nd quarter. Garde Capital Inc. now owns 139,805 shares of the technology company’s stock worth $6,297,000 after acquiring an additional 79,733 shares during the period. Institutional investors own 20.32% of the company’s stock.

Insider Activity at Zillow Group

In other news, CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the transaction, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Daimler sold 3,484 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the completion of the sale, the insider now directly owns 22,464 shares in the company, valued at approximately $1,217,099.52. This represents a 13.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,419 shares of company stock worth $11,371,413 over the last three months. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Performance

Shares of ZG stock opened at $80.79 on Friday. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of -141.74 and a beta of 2.02. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $63.21 and its 200-day moving average price is $52.46. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $81.74.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company earned ($0.12) EPS. Equities research analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on ZG. UBS Group increased their target price on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Piper Sandler reiterated an “overweight” rating and set a $73.00 price objective (up from $62.00) on shares of Zillow Group in a research note on Thursday, November 7th. Craig Hallum boosted their target price on shares of Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. DA Davidson increased their price target on shares of Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $68.18.

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.