Independent Franchise Partners 13F: Adds $21M to ZG Stake

Independent Franchise Partners has significantly increased its investment in ZG, according to its recent 13F filing with the SEC. The fund boosted its holdings by 35.3%, adding 713,926 shares to bring its total to 2,738,482 shares, valued at approximately $79.8 million as of the reporting period.

What Changed in Independent Franchise Partners' ZG Position

Independent Franchise Partners raised its stake in ZG by 35.3%, adding 713,926 shares. This brings its total holdings to 2,738,482 shares, with the position valued at about $79.8 million. Prior to this increase, the fund held 2,024,556 shares.

Other Institutional Activity in ZG

Caledonia (Private) Investments Pty Ltd slightly reduced its position by 16,322 shares, holding 11,370,543 shares worth around $470.6 million. Vanguard Portfolio Management LLC opened a new position with 3,949,276 shares valued at $163.5 million. Capital World Investors also initiated a stake, acquiring 3,081,931 shares valued at $127.6 million. Meanwhile, BlackRock, Inc. increased its holdings by 12,728 shares, bringing its total to 2,385,281 shares valued at $98.7 million.

Zillow Group, Inc. Stock Down 3.7%

Shares of ZG traded near $29.14 on Friday. The company has a market cap of approximately $6.67 billion. ZG has experienced a 52-week low of $29.14 and a high of $77.54. The stock's performance is tracked with a 50-day moving average of $33.45 and a 200-day moving average of $41.23.

Insider Buying and Selling at Zillow Group, Inc.

Several insiders have sold shares recently. On February 27, 2026, Gregory Maffei sold 8,050 shares at an average price of $45.15. Lloyd Frink, Co-Executive Chairman & President, sold 39,663 shares on February 20, 2026, at $45.29 each. CFO Jeremy Hofmann, CEO Jeremy Wacksman, and Chief People Officer Dan Spaulding sold shares under planned transactions in mid-February.

Analysts Set New Price Targets

On June 12, 2026, Goldman Sachs maintained a hold rating on ZG with a price target of $40. RBC Capital kept a buy rating with a target of $70 on June 10. Citigroup, Barclays, and others have also maintained ratings, with targets ranging from $40 to $70.

About ZG

ZG operates in the real estate sector, providing online real estate services through its website and mobile apps. The company offers tools for consumers to buy, sell, and rent homes, as well as connect with local professionals. Headquartered in Seattle, Washington, ZG is led by CEO Jeremy Wacksman.

Bottom Line

Independent Franchise Partners' boost in ZG shares reflects ongoing interest in the company's potential. While the 13F filing offers a snapshot of past holdings, it may not represent current positions. Investors keep a close watch on such filings to gauge institutional sentiment.