Insider Selling: Zillow Group (NASDAQ:ZG) Director Sells 1,187 Shares

Zillow Group, Inc. (NASDAQ:ZG) Director Claire Thielke sold 1,187 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total transaction of $42,387.77. Following the completion of the transaction, the director owned 2,375 shares in the company, valued at approximately $84,811.25. This trade represents a 33.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Thielke sold 1,187 shares of Zillow Group stock. The shares were sold at an average price of $33.09, for a total transaction of $39,277.83.

Zillow Group Stock Performance

ZG traded down $0.72 during trading on Friday, reaching $35.32. The stock had a trading volume of 549,163 shares, compared to its average volume of 1,171,442. The stock has a market cap of $7.94 billion, a PE ratio of 160.55, a PEG ratio of 1.54 and a beta of 1.97. Zillow Group, Inc. has a one year low of $29.03 and a one year high of $90.22. The business has a 50-day moving average of $34.07 and a 200-day moving average of $38.27.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. The firm had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. Equities research analysts forecast that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ZG shares. KeyCorp reiterated an “overweight” rating and issued a $48.00 target price on shares of Zillow Group in a research report on Tuesday, August 25th. Barclays reduced their price objective on Zillow Group from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Mizuho decreased their price objective on Zillow Group from $65.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Susquehanna lowered their target price on Zillow Group from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. dropped their target price on Zillow Group from $76.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.14.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Zillow Group during the 2nd quarter valued at $860,000. California State Teachers Retirement System increased its position in shares of Zillow Group by 56,236.3% in the second quarter. California State Teachers Retirement System now owns 1,485,024 shares of the technology company’s stock valued at $47,339,000 after acquiring an additional 1,482,388 shares during the period. NEOS Investment Management LLC increased its position in shares of Zillow Group by 13.5% in the second quarter. NEOS Investment Management LLC now owns 11,361 shares of the technology company’s stock valued at $356,000 after acquiring an additional 1,352 shares during the period. AXQ Capital LP bought a new position in shares of Zillow Group during the second quarter valued at about $2,015,000. Finally, Nykredit A S bought a new position in shares of Zillow Group during the second quarter valued at about $65,000. 20.32% of the stock is currently owned by institutional investors.

About Zillow Group

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.