Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $477,802.06 in Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 6,962 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.63, for a total value of $477,802.06. Following the completion of the sale, the insider now directly owns 135,674 shares in the company, valued at approximately $9,311,306.62. The trade was a 4.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Zillow Group Trading Up 2.3%

Shares of NASDAQ ZG opened at $68.76 on Monday. Zillow Group, Inc. has a 12-month low of $38.40 and a 12-month high of $86.58. The company has a market cap of $16.68 billion, a P/E ratio of -146.30, a P/E/G ratio of 8.90 and a beta of 2.22. The stock has a fifty day moving average price of $66.00 and a 200 day moving average price of $71.70.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The company had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Susquehanna increased their price target on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Robert W. Baird assumed coverage on Zillow Group in a research note on Friday, January 31st. They set a “neutral” rating and a $88.00 price target on the stock. Barclays reduced their price target on Zillow Group from $64.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, May 8th. Citigroup reduced their price target on Zillow Group from $98.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, KeyCorp reduced their price target on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. One investment 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Institutional Trading of Zillow Group

Several large investors have recently added to or reduced their stakes in the stock. 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 acquiring an additional 138 shares in 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 acquiring an additional 159 shares in 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 acquiring an additional 172 shares in 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 acquiring an additional 215 shares in 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 acquiring an additional 216 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.