Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $209,312.36 in Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Zillow Group Price Performance

ZG stock opened at $67.20 on Friday. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of -142.98, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. The company has a fifty day moving average price of $74.84 and a two-hundred day moving average price of $70.57.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZG. Benchmark lifted their target price on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Susquehanna boosted their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods raised shares of Zillow Group to a “hold” rating in a research report on Friday. DA Davidson boosted their price target on shares of Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, JMP Securities raised their price objective on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $82.25.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in Zillow Group by 13.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after purchasing an additional 138 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after purchasing an additional 159 shares during the period. Blue Trust Inc. raised its position in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the fourth quarter valued at approximately $27,000. Finally, Barrier Capital Management LLC boosted its stake in shares of Zillow Group by 0.4% in the fourth quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock valued at $7,879,000 after buying an additional 400 shares during the period. 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.