Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $381,735.32 in Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 5,534 shares of Zillow Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total transaction of $381,735.32. Following the transaction, the insider now directly owns 68,889 shares of the company’s stock, valued at approximately $4,751,963.22. This trade represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, May 14th, Dan Spaulding sold 3,739 shares of Zillow Group stock. The stock was sold at an average price of $68.66, for a total transaction of $256,719.74.

Zillow Group Stock Up 2.3%

Shares of Zillow Group stock opened at $68.76 on Monday. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of -146.30, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12-month low of $38.40 and a 12-month high of $86.58. The firm’s 50-day moving average price is $66.00 and its two-hundred day moving average price is $71.70.

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

Analyst Ratings Changes

A number of research firms have commented on ZG. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp reduced their price objective on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. DA Davidson dropped their target price on Zillow Group from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on Zillow Group from $77.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, Robert W. Baird began coverage on Zillow Group in a report on Friday, January 31st. They set a “neutral” rating and a $88.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.80.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZG. JPMorgan Chase & Co. raised its stake in Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after acquiring an additional 20,238 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Zillow Group by 28.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock worth $1,753,000 after acquiring an additional 5,539 shares in the last quarter. Avanza Fonder AB acquired a new position in Zillow Group during the fourth quarter worth about $234,000. Blue Trust Inc. raised its stake in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in Zillow Group during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.