Bradley D. Owens Sells 2,308 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 2,308 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $53.06, for a total value of $122,462.48. Following the transaction, the general counsel now owns 32,951 shares of the company’s stock, valued at $1,748,380.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Zillow Group Stock Up 0.5 %

Shares of NASDAQ:ZG traded up $0.24 during trading on Friday, hitting $51.74. 367,577 shares of the company’s stock traded hands, compared to its average volume of 661,435. Zillow Group, Inc. has a 52 week low of $33.23 and a 52 week high of $59.23. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The company has a market cap of $12.22 billion, a price-to-earnings ratio of -74.99 and a beta of 2.05. The company has a 50-day moving average price of $46.68 and a 200-day moving average price of $47.08.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. The business had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. Zillow Group’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. As a group, research analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZG has been the subject of several recent analyst reports. Craig Hallum increased their price objective on Zillow Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Citigroup raised their target price on Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. JMP Securities lowered their target price on Zillow Group from $68.00 to $62.00 and set a “market outperform” rating for the company in a research note on Thursday, May 2nd. Benchmark raised their target price on Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group lowered their target price on Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $58.93.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of ZG. Norges Bank bought a new stake in Zillow Group in the 4th quarter valued at approximately $102,096,000. Vanguard Group Inc. lifted its stake in Zillow Group by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after acquiring an additional 1,730,731 shares in the last quarter. UBS Group AG increased its position in shares of Zillow Group by 73.0% during the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock worth $23,832,000 after purchasing an additional 177,265 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Zillow Group by 244.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 171,881 shares of the technology company’s stock worth $8,226,000 after purchasing an additional 121,942 shares during the last quarter. Finally, Berkshire Capital Holdings Inc. increased its position in shares of Zillow Group by 1,145,800.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company’s stock worth $6,630,000 after purchasing an additional 114,580 shares during the last quarter. Institutional investors 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.