Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CEO Sells $442,650.60 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 5,985 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.96, for a total value of $442,650.60. Following the sale, the chief executive officer now owns 161,678 shares in the company, valued at $11,957,704.88. The trade was a 3.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, November 15th, Jeremy Wacksman sold 9,136 shares of Zillow Group stock. The stock was sold at an average price of $73.22, for a total value of $668,937.92.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $70.73 on Monday. The firm 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. The business’s 50 day moving average is $61.58 and its 200-day moving average is $51.66.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. DA Davidson upped their target price on Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. JMP Securities upped their target price on Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a report on Thursday, November 7th. Craig Hallum upped their target price on Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group upped their price objective on Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price objective on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.17.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently added to or reduced their stakes in ZG. Cynosure Group LLC acquired a new stake in Zillow Group during the third quarter worth approximately $12,248,000. Mirabella Financial Services LLP acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $11,351,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $9,813,000. CreativeOne Wealth LLC boosted its holdings in shares of Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after purchasing an additional 111,743 shares in the last quarter. Finally, Mark Asset Management LP acquired a new stake in shares of Zillow Group in the 2nd quarter valued at $4,524,000. 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.