Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CAO Sells 3,650 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 3,650 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $54.71, for a total transaction of $199,691.50. Following the sale, the chief accounting officer now directly owns 72,836 shares of the company’s stock, valued at approximately $3,984,857.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, August 14th, Jennifer Rock sold 3,208 shares of Zillow Group stock. The stock was sold at an average price of $52.84, for a total transaction of $169,510.72.
• On Thursday, August 8th, Jennifer Rock sold 4,050 shares of Zillow Group stock. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50.

Zillow Group Trading Up 0.8 %

NASDAQ ZG traded up $0.40 on Wednesday, hitting $53.11. The company’s stock had a trading volume of 742,688 shares, compared to its average volume of 658,802. Zillow Group, Inc. has a 1-year low of $33.23 and a 1-year high of $59.23. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $47.32 and its 200 day moving average is $46.88. The firm has a market cap of $12.54 billion, a PE ratio of -77.01 and a beta of 2.05.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping 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 business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted ($0.05) earnings per share. As a group, analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently bought and sold shares of ZG. Shannon River Fund Management LLC bought a new position in shares of Zillow Group during the fourth quarter valued at about $4,384,000. GSA Capital Partners LLP lifted its position in shares of Zillow Group by 47.8% during the fourth quarter. GSA Capital Partners LLP now owns 78,301 shares of the technology company’s stock valued at $4,441,000 after purchasing an additional 25,333 shares in the last quarter. Norges Bank bought a new position in shares of Zillow Group during the fourth quarter valued at about $102,096,000. CWM LLC lifted its position in shares of Zillow Group by 3,675.7% during the fourth quarter. CWM LLC now owns 46,139 shares of the technology company’s stock valued at $2,617,000 after purchasing an additional 44,917 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of Zillow Group by 140.6% during the first quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock valued at $992,000 after purchasing an additional 12,116 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZG. JMP Securities cut their price target on shares of Zillow Group from $68.00 to $62.00 and set a “market outperform” rating for the company in a report on Thursday, May 2nd. Barclays increased their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Benchmark increased their price objective on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Craig Hallum increased their price objective on shares of Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, UBS Group increased their price objective on shares of Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.