Hartline Investment Corp Reduces Position in Zillow Group, Inc. $ZG

Hartline Investment Corp lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 32.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,946 shares of the technology company’s stock after selling 21,621 shares during the quarter. Hartline Investment Corp’s holdings in Zillow Group were worth $1,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arax Advisory Partners boosted its stake in shares of Zillow Group by 402.3% during the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after buying an additional 354 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Zillow Group in the fourth quarter worth $34,000. Kestra Advisory Services LLC acquired a new stake in Zillow Group in the fourth quarter valued at $47,000. Quarry LP acquired a new position in Zillow Group during the 4th quarter worth $56,000. Finally, Global Retirement Partners LLC increased its holdings in Zillow Group by 4,130.0% in the fourth quarter. Global Retirement Partners LLC now owns 846 shares of the technology company’s stock valued at $58,000 after buying an additional 826 shares during the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Trading Down 0.8%

Shares of NASDAQ:ZG opened at $32.69 on Wednesday. Zillow Group, Inc. has a twelve month low of $29.03 and a twelve month high of $90.22. The firm has a market cap of $7.48 billion, a P/E ratio of 130.76, a P/E/G ratio of 1.41 and a beta of 1.95. The company has a 50 day moving average of $36.15 and a 200-day moving average of $46.94.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.17 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. Equities research analysts forecast that Zillow Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

ZG has been the topic of a number of research analyst reports. Canaccord Genuity Group reduced their target price on Zillow Group from $72.00 to $52.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. UBS Group dropped their price target on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Robert W. Baird reduced their price objective on Zillow Group from $67.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Barclays lowered their price objective on shares of Zillow Group from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, KeyCorp cut their target price on shares of Zillow Group from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Zillow Group currently has a consensus rating of “Hold” and a consensus target price of $69.48.

Key Headlines Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Wells Fargo raised its price target on Zillow Group to $46 from $45, indicating modestly improved valuation expectations despite maintaining an equal-weight rating.
• Positive Sentiment: Zillow’s June Market Report showed home sales up 5.9% year over year and new listings up 3%, signaling a possible pickup in housing activity that could benefit the platform. Article Title
• Neutral Sentiment: Zillow said it will announce second-quarter 2026 results on August 5, which could become the next major catalyst for the stock as investors look for signs of revenue and margin momentum. Article Title
• Negative Sentiment: New securities-fraud lawsuits and repeated deadline reminders create legal and regulatory overhang for Zillow Group, increasing uncertainty and potentially weighing on investor confidence. Article Title

Insiders Place Their Bets

In other Zillow Group news, CEO Jeremy Wacksman sold 9,072 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.54, for a total value of $331,490.88. Following the sale, the chief executive officer directly owned 153,699 shares in the company, valued at approximately $5,616,161.46. The trade was a 5.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Bradley D. Owens sold 3,364 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $37.23, for a total transaction of $125,241.72. Following the completion of the sale, the general counsel owned 65,245 shares in the company, valued at $2,429,071.35. The trade was a 4.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 42,910 shares of company stock valued at $1,605,732. 29.88% of the stock is currently owned by insiders.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.