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

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

Zillow Group Stock Up 0.5 %

Shares of NASDAQ:ZG opened at $51.74 on Friday. The company has a 50 day moving average price of $46.68 and a two-hundred day moving average price of $47.08. The company has a market capitalization of $12.22 billion, a PE ratio of -74.99 and a beta of 2.05. Zillow Group, Inc. has a 52 week low of $33.23 and a 52 week high of $59.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

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

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of 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 fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after buying an additional 1,730,731 shares in the last quarter. UBS Group AG boosted its holdings in shares of Zillow Group by 73.0% in the fourth quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock valued at $23,832,000 after buying an additional 177,265 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Zillow Group by 244.2% during the first quarter. Assenagon Asset Management S.A. now owns 171,881 shares of the technology company’s stock worth $8,226,000 after acquiring an additional 121,942 shares in the last quarter. Finally, Berkshire Capital Holdings Inc. raised its holdings in shares of Zillow Group by 1,145,800.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company’s stock worth $6,630,000 after acquiring an additional 114,580 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

ZG has been the subject of several analyst reports. Citigroup raised their target price on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Zillow Group in a research report on Monday, August 5th. Barclays upped their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. UBS Group boosted their target price on Zillow Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.93.

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.