Zillow Group A (ZG) Plunges 5.13% on Institutional Sell-Off

Zillow Group A (ZG) shares plummeted 5.13% today, marking the fourth consecutive day of decline, with a cumulative drop of 14.35% over the past four days. The stock price hit its lowest level since November 2024, experiencing an intraday decline of 6.53%.

Several factors have contributed to the recent volatility in Zillow Group A's stock price. Notably, Polymer Capital Management HK LTD reduced its stake in the company by 71.4% during the fourth quarter. Similarly, Headlands Technologies LLC decreased its holdings by 63.9% in the same period. These significant reductions in institutional ownership have likely raised concerns among investors about the company's future prospects and market sentiment.

Despite the recent sell-off, Cantor Fitzgerald raised its price target for Zillow Group to $70.00 per share from $62.00 in February 2025. This adjustment suggests that some analysts remain optimistic about the company's long-term potential, even as short-term market dynamics create uncertainty. The contrasting views between institutional investors and analysts highlight the complex nature of Zillow Group's current market position.