Dan Spaulding Sells 5,361 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 5,361 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total transaction of $235,615.95. Following the completion of the transaction, the insider directly owned 41,080 shares of the company’s stock, valued at approximately $1,805,466. The trade was a 11.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Dan Spaulding also recently made the following trade(s):

• On Thursday, February 12th, Dan Spaulding sold 3,901 shares of Zillow Group stock. The stock was sold at an average price of $44.19, for a total transaction of $172,385.19.

Zillow Group Stock Performance

NASDAQ ZG traded up $0.69 during trading hours on Tuesday, hitting $43.99. 2,704,201 shares of the company traded hands, compared to its average volume of 1,133,974. Zillow Group, Inc. has a twelve month low of $42.25 and a twelve month high of $90.22. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 488.83, a P/E/G ratio of 3.21 and a beta of 2.04. The business’s 50-day moving average is $64.26 and its 200-day moving average is $71.51.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The business had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. During the same quarter in the prior year, the company earned $0.27 EPS. Zillow Group’s quarterly revenue was up 18.1% on a year-over-year basis. Analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC increased its position in Zillow Group by 3.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,550 shares of the technology company’s stock worth $312,000 after buying an additional 131 shares during the last quarter. DoubleLine ETF Adviser LP boosted its stake in Zillow Group by 4.9% during the third quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock valued at $239,000 after buying an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Zillow Group by 4.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock worth $256,000 after purchasing an additional 156 shares during the last quarter. Signaturefd LLC grew its position in Zillow Group by 10.4% in the fourth quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock worth $117,000 after acquiring an additional 161 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Zillow Group by 78.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after buying an additional 187 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZG shares. Wells Fargo & Company reduced their price target on Zillow Group from $73.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 10th. Canaccord Genuity Group set a $72.00 target price on shares of Zillow Group in a research note on Wednesday, February 11th. Sanford C. Bernstein reduced their price target on Zillow Group from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Barclays lowered their target price on shares of Zillow Group from $72.00 to $66.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Fourteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $78.05.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.