Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) Insider Sells 5,907 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Susan Daimler sold 5,907 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the sale, the insider now owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Susan Daimler also recently made the following trade(s):

• On Friday, May 17th, Susan Daimler sold 4,931 shares of Zillow Group stock. The stock was sold at an average price of $44.29, for a total transaction of $218,393.99.
• On Wednesday, May 15th, Susan Daimler sold 5,786 shares of Zillow Group stock. The stock was sold at an average price of $44.22, for a total transaction of $255,856.92.

Zillow Group Stock Down 1.1 %

Shares of ZG stock opened at $46.55 on Friday. Zillow Group, Inc. has a 12-month low of $33.23 and a 12-month high of $59.23. The firm has a 50-day moving average price of $42.24 and a 200 day moving average price of $48.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. On average, research analysts predict that Zillow Group, Inc. will post -0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ZG. JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Royal Bank of Canada cut their price target on shares of Zillow Group from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. DA Davidson restated a “buy” rating and set a $63.00 price target on shares of Zillow Group in a report on Friday, April 5th. JMP Securities cut their price target on shares of Zillow Group from $68.00 to $62.00 and set a “market outperform” rating on the stock in a report on Thursday, May 2nd. Finally, Canaccord Genuity Group cut their price target on shares of Zillow Group from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.40.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently added to or reduced their stakes in the company. Shannon River Fund Management LLC bought a new position in shares of Zillow Group in the fourth quarter worth about $4,384,000. Norges Bank bought a new position in shares of Zillow Group in the fourth quarter worth about $102,096,000. CWM LLC raised its stake in shares of Zillow Group by 3,675.7% in the fourth quarter. CWM LLC now owns 46,139 shares of the technology company’s stock worth $2,617,000 after acquiring an additional 44,917 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Zillow Group by 50.5% in the third quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock worth $42,397,000 after acquiring an additional 317,683 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of Zillow Group during the fourth quarter worth approximately $1,305,000. 20.32% of the stock is owned by institutional investors.

Zillow Group Company Profile

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.