Zillow Group, Inc. (NASDAQ:ZG) Director Erik C. Blachford Sells 1,413 Shares

Zillow Group, Inc. (NASDAQ:ZG) Director Erik C. Blachford sold 1,413 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $54.87, for a total value of $77,531.31. Following the sale, the director now directly owns 35,403 shares in the company, valued at approximately $1,942,562.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $51.97 on Friday. Zillow Group, Inc. has a one year low of $33.23 and a one year high of $59.23. The business has a 50-day simple moving average of $49.02 and a 200 day simple moving average of $46.92. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business had revenue of $572.00 million during the quarter, compared to analyst estimates of $538.36 million. During the same period in the previous year, the company posted ($0.05) EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. As a group, analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Benchmark raised their price objective on Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Craig Hallum lifted their target price on Zillow Group from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Citigroup lifted their target price on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Susquehanna lifted their target price on Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, UBS Group lifted their target price on Zillow Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.56.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Zillow Group by 27.4% during the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after purchasing an additional 1,730,731 shares during the last quarter. Norges Bank acquired a new position in Zillow Group during the 4th quarter valued at about $102,096,000. Dimensional Fund Advisors LP boosted its stake in Zillow Group by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after purchasing an additional 35,503 shares during the last quarter. UBS Group AG boosted its stake in Zillow Group by 73.0% during the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock valued at $23,832,000 after purchasing an additional 177,265 shares during the last quarter. Finally, Selkirk Management LLC boosted its stake in Zillow Group by 37.4% during the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after purchasing an additional 87,300 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.