Insider Selling: Zillow Group (NASDAQ:ZG) Director Sells $42,387.77 in Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Claire Thielke sold 1,187 shares of Zillow Group stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total value of $42,387.77. Following the completion of the transaction, the director owned 2,375 shares of the company’s stock, valued at approximately $84,811.25. The trade was a 33.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Thielke sold 1,187 shares of Zillow Group stock. The shares were sold at an average price of $33.09, for a total value of $39,277.83.

Zillow Group Price Performance

Shares of ZG opened at $35.32 on Monday. The business’s fifty day moving average price is $34.15 and its 200 day moving average price is $38.22. Zillow Group, Inc. has a 12-month low of $29.03 and a 12-month high of $90.22. The stock has a market capitalization of $7.94 billion, a PE ratio of 160.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.97.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The firm had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.25 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently modified their holdings of ZG. Arax Advisory Partners increased its holdings in shares of Zillow Group by 402.3% in the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock worth $30,000 after acquiring an additional 354 shares during the period. First Command Advisory Services Inc. acquired a new position in Zillow Group during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its stake in Zillow Group by 183.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock valued at $41,000 after purchasing an additional 637 shares during the period. Fifth Third Bancorp grew its position in Zillow Group by 990.3% in the 1st quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock worth $42,000 after purchasing an additional 921 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Zillow Group in the 4th quarter worth about $47,000. Institutional investors own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ZG shares. KeyCorp reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Zillow Group in a report on Tuesday, August 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Zillow Group in a report on Wednesday, August 19th. Susquehanna decreased their target price on Zillow Group from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Evercore set a $40.00 target price on Zillow Group and gave the company an “in-line” rating in a report on Thursday, August 6th. Finally, BTIG Research reiterated a “neutral” rating on shares of Zillow Group in a research report on Thursday, June 11th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.14.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.