Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CAO Sells 8,225 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 8,225 shares of Zillow Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.05, for a total transaction of $600,836.25. Following the completion of the transaction, the chief accounting officer now owns 61,424 shares in the company, valued at $4,487,023.20. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The shares were sold at an average price of $54.71, for a total transaction of $199,691.50.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $1.27 on Friday, reaching $70.73. The stock had a trading volume of 594,758 shares, compared to its average volume of 626,221. The business’s 50 day moving average is $61.20 and its two-hundred day moving average is $51.33. The company has a market cap of $16.37 billion, a P/E ratio of -124.09 and a beta of 2.02. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1 year low of $36.38 and a 1 year high of $73.89.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The business had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. During the same period last year, the business earned ($0.12) earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. As a group, research analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current year.

Institutional Trading of Zillow Group

Large investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after buying an additional 2,832 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Zillow Group in the 3rd quarter worth about $418,000. Quantinno Capital Management LP purchased a new position in shares of Zillow Group in the 3rd quarter worth about $325,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Zillow Group in the 3rd quarter worth about $9,813,000. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of Zillow Group in the 3rd quarter worth about $95,000. Institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Evercore ISI boosted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. DA Davidson boosted their price target on shares of Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Craig Hallum boosted their price target on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group boosted their price target on shares of Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Citigroup upped their target price on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.17.

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.