Zillow Group (NASDAQ:ZG) Insider Dan Spaulding Sells 3,819 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 3,819 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $71.12, for a total transaction of $271,607.28. Following the completion of the sale, the insider directly owned 55,797 shares of the company’s stock, valued at $3,968,282.64. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Dan Spaulding also recently made the following trade(s):

• On Friday, November 14th, Dan Spaulding sold 5,455 shares of Zillow Group stock. The shares were sold at an average price of $69.40, for a total value of $378,577.00.

Zillow Group Price Performance

Shares of ZG traded down $1.47 during mid-day trading on Friday, hitting $67.21. The stock had a trading volume of 908,247 shares, compared to its average volume of 587,079. The firm has a market cap of $16.27 billion, a P/E ratio of -258.50, a PEG ratio of 23.55 and a beta of 2.09. The business has a fifty day moving average price of $74.40 and a 200-day moving average price of $73.31. Zillow Group, Inc. has a 52 week low of $56.63 and a 52 week high of $90.22.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The business had revenue of $676.00 million during the quarter, compared to analysts’ expectations of $670.28 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Zillow Group has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Zillow Group in the 2nd quarter valued at about $159,770,000. Virtu Financial LLC increased its position in shares of Zillow Group by 271.9% during the 3rd quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock worth $21,864,000 after purchasing an additional 214,743 shares during the last quarter. Wellington Management Group LLP increased its holdings in Zillow Group by 60.1% in the 3rd quarter. Wellington Management Group LLP now owns 557,735 shares of the technology company’s stock valued at $41,518,000 after purchasing an additional 209,312 shares during the last quarter. Millennium Management LLC increased its stake in Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after purchasing an additional 152,955 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in Zillow Group during the 1st quarter worth approximately $9,998,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $87.00 price objective on shares of Zillow Group in a report on Thursday, September 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $74.00 price target on shares of Zillow Group in a research report on Friday, October 31st. Barclays reaffirmed an “underweight” rating and set a $66.00 price target (up from $60.00) on shares of Zillow Group in a report on Thursday, August 7th. DA Davidson reiterated a “buy” rating and issued a $95.00 price target on shares of Zillow Group in a research note on Thursday, October 2nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $85.00 target price (down from $94.00) on shares of Zillow Group in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.42.

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.