Bradley D. Owens Sells 3,466 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 3,466 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.96, for a total transaction of $239,015.36. Following the transaction, the general counsel now directly owns 47,215 shares of the company’s stock, valued at approximately $3,255,946.40. This represents a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zillow Group Trading Up 2.3%

Shares of Zillow Group stock opened at $68.76 on Friday. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of -146.30, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 1-year low of $38.40 and a 1-year high of $86.58. The firm’s 50-day moving average price is $66.00 and its two-hundred day moving average price is $71.61.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Zillow Group’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Trading of Zillow Group

Several large investors have recently added to or reduced their stakes in ZG. O Shaughnessy Asset Management LLC grew its stake in shares of Zillow Group by 13.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock valued at $84,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after purchasing an additional 159 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. M&T Bank Corp grew its stake in shares of Zillow Group by 4.1% during the first quarter. M&T Bank Corp now owns 5,437 shares of the technology company’s stock valued at $363,000 after purchasing an additional 215 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Zillow Group by 79.4% during the first quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after purchasing an additional 216 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ZG has been the subject of a number of research analyst reports. William Blair initiated coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a “market perform” rating for the company. DA Davidson cut their price objective on shares of Zillow Group from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Bank of America upped their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Susquehanna upped their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group cut their price objective on shares of Zillow Group from $86.00 to $76.00 and set a “hold” rating for the company in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.80.

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.