Jennifer Rock Sells 3,187 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the transaction, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at approximately $5,154,026. This trade represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, November 15th, Jennifer Rock sold 8,225 shares of Zillow Group stock. The stock was sold at an average price of $73.05, for a total transaction of $600,836.25.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total value of $199,691.50.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $70.73 on Friday. The business has a 50-day simple moving average of $61.58 and a 200 day simple moving average of $51.59. Zillow Group, Inc. has a one year low of $36.38 and a one year high of $73.89. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cynosure Group LLC purchased a new stake in shares of Zillow Group in the third quarter worth approximately $12,248,000. Mirabella Financial Services LLP bought a new stake in Zillow Group during the third quarter worth $11,351,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Zillow Group in the 3rd quarter valued at $9,813,000. CreativeOne Wealth LLC lifted its stake in Zillow Group by 164.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after acquiring an additional 111,743 shares in the last quarter. Finally, Mark Asset Management LP purchased a new position in Zillow Group during the 2nd quarter worth $4,524,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZG. Royal Bank of Canada increased their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Evercore ISI upped their target price on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Craig Hallum raised their price target on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Canaccord Genuity Group upped their price objective on shares of Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.