Insider Selling: Zillow Group, Inc. (NASDAQ:Z) Insider Sells 2,854 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Zillow Group Price Performance

Shares of NASDAQ Z traded down $1.17 during midday trading on Thursday, reaching $70.35. 2,054,254 shares of the stock traded hands, compared to its average volume of 3,300,864. The company’s 50 day moving average is $77.59 and its 200 day moving average is $72.88. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The stock has a market capitalization of $17.06 billion, a PE ratio of -149.68, a P/E/G ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on Z. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley increased their target price on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after acquiring an additional 3,272,118 shares during the last quarter. Groupama Asset Managment purchased a new position in shares of Zillow Group during the 3rd quarter worth about $83,005,000. Caxton Associates LP bought a new position in Zillow Group during the 4th quarter valued at about $51,835,000. Castle Hook Partners LP bought a new position in Zillow Group during the 4th quarter valued at about $49,887,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zillow Group in the 3rd quarter worth about $38,310,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.