Jeremy Wacksman Sells 13,661 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 13,661 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the transaction, the chief executive officer owned 116,322 shares of the company’s stock, valued at approximately $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeremy Wacksman also recently made the following trade(s):

• On Thursday, February 12th, Jeremy Wacksman sold 4,729 shares of Zillow Group stock. The shares were sold at an average price of $44.20, for a total value of $209,021.80.

Zillow Group Price Performance

Shares of NASDAQ ZG traded up $0.69 during mid-day trading on Tuesday, hitting $43.99. 2,704,201 shares of the stock traded hands, compared to its average volume of 1,133,974. The company has a market cap of $10.65 billion, a PE ratio of 488.83, a price-to-earnings-growth ratio of 3.21 and a beta of 2.04. Zillow Group, Inc. has a twelve month low of $42.25 and a twelve month high of $90.22. The firm has a 50 day simple moving average of $64.26 and a two-hundred day simple moving average of $71.51.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.Zillow Group’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ZG shares. Robert W. Baird set a $67.00 price target on shares of Zillow Group in a report on Wednesday, February 11th. Citizens Jmp cut their price objective on Zillow Group from $90.00 to $85.00 and set a “market outperform” rating on the stock in a research note on Monday, January 12th. Barclays reduced their target price on Zillow Group from $72.00 to $66.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Citigroup reduced their price objective on shares of Zillow Group from $100.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, KeyCorp dropped their target price on shares of Zillow Group from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Fourteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.05.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. AQR Capital Management LLC boosted its stake in Zillow Group by 40.5% during the 1st quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock valued at $862,000 after purchasing an additional 3,717 shares during the last quarter. Millennium Management LLC boosted its position in shares of Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after buying an additional 152,955 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Zillow Group by 7.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock worth $5,878,000 after buying an additional 5,737 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Zillow Group by 3.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,550 shares of the technology company’s stock valued at $312,000 after buying an additional 131 shares during the last quarter. Finally, TD Asset Management Inc bought a new position in Zillow Group during the 2nd quarter valued at $262,000. 20.32% of the stock is owned by institutional investors.

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.