Insider Selling: Zillow Group (NASDAQ:ZG) Director Sells 241 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Thielke Claire Cormier sold 241 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total value of $17,474.91. Following the completion of the transaction, the director directly owned 242 shares of the company’s stock, valued at $17,547.42. This represents a 49.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Price Performance

NASDAQ ZG traded down $0.50 during trading hours on Thursday, reaching $73.37. The company’s stock had a trading volume of 339,847 shares, compared to its average volume of 589,697. The firm has a fifty day simple moving average of $71.03 and a 200-day simple moving average of $73.61. Zillow Group, Inc. has a 52 week low of $56.63 and a 52 week high of $90.22. The stock has a market cap of $17.76 billion, a P/E ratio of -524.03, a P/E/G ratio of 28.15 and a beta of 2.06.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. On average, research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Zillow Group in a research report on Monday, October 27th. Zelman & Associates upgraded Zillow Group to a “hold” rating in a research report on Friday, August 8th. Susquehanna lowered their price objective on Zillow Group from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Evercore ISI lifted their price objective on Zillow Group from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Zillow Group in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Hold” and a consensus target price of $87.09.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI raised its stake in shares of Zillow Group by 79.4% in the first quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock worth $33,000 after purchasing an additional 216 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Zillow Group by 78.9% during the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after buying an additional 187 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Zillow Group by 33.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock worth $75,000 after purchasing an additional 280 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Zillow Group by 23.1% in the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after buying an additional 194 shares during the period. Finally, Group One Trading LLC raised its stake in Zillow Group by 884.7% in the 3rd quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,327 shares during the period. Institutional investors and hedge funds own 20.32% 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.