Zillow Group, Inc. (NASDAQ:ZG) General Counsel Sells $89,663.76 in Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zillow Group Stock Down 1.8 %

NASDAQ:ZG traded down $1.27 during mid-day trading on Friday, hitting $70.73. The stock had a trading volume of 594,758 shares, compared to its average volume of 626,221. Zillow Group, Inc. has a twelve month low of $36.38 and a twelve month high of $73.89. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $16.37 billion, a PE ratio of -124.09 and a beta of 2.02. The stock has a 50-day simple moving average of $61.20 and a two-hundred day simple moving average of $51.33.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same period in the prior year, the firm posted ($0.12) EPS. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current year.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. Edgestream Partners L.P. grew its position in shares of Zillow Group by 140.6% in the 1st quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock valued at $992,000 after buying an additional 12,116 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Zillow Group in the first quarter valued at $1,597,000. Russell Investments Group Ltd. grew its holdings in shares of Zillow Group by 148.6% during the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after purchasing an additional 19,087 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Zillow Group by 24.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock worth $2,233,000 after purchasing an additional 9,828 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Zillow Group by 169.9% during the first quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock worth $1,186,000 after purchasing an additional 15,594 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ZG shares. Citigroup boosted their target price on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 8th. UBS Group increased their price target on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Susquehanna boosted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday. Evercore ISI lifted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their price target on shares of Zillow Group from $56.00 to $64.00 and gave the company a “hold” 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.