Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel Sells 3,179 Shares

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 3,179 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.97, for a total transaction of $235,150.63. Following the completion of the sale, the chief technology officer now directly owns 165,015 shares of the company’s stock, valued at approximately $12,206,159.55. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Zillow Group Price Performance

NASDAQ ZG opened at $70.73 on Friday. The firm’s fifty day moving average is $61.58 and its two-hundred day moving average is $51.52. Zillow Group, Inc. has a one year low of $36.38 and a one year high of $73.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group during the third quarter worth about $29,000. EntryPoint Capital LLC purchased a new stake in Zillow Group in the 1st quarter valued at approximately $53,000. Signaturefd LLC increased its position in Zillow Group by 29.7% during the 2nd 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. GAMMA Investing LLC raised its stake in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after buying an additional 561 shares in the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $95,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Benchmark boosted their price objective on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Citigroup upped their price objective on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Susquehanna raised their target price on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. JMP Securities boosted their target price on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. Finally, DA Davidson raised their price target on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.17.

About Zillow Group

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.