Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) Insider Sells 17,000 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 17,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares of the company’s stock, valued at $1,672,908.23. This represents a 42.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zillow Group Stock Performance

Shares of NASDAQ:ZG opened at $80.79 on Friday. The firm’s 50 day simple moving average is $63.21 and its 200 day simple moving average is $52.46. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $81.74. The company has a market capitalization of $18.87 billion, a price-to-earnings ratio of -141.74 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. During the same period last year, the business posted ($0.12) earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZG. Canaccord Genuity Group increased their price objective on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Cantor Fitzgerald reissued a “neutral” rating and set a $47.00 price target on shares of Zillow Group in a research note on Monday, October 7th. DA Davidson raised their price target on shares of Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Susquehanna upped their price objective on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, Benchmark lifted their target price on Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.18.

Institutional Investors Weigh In On Zillow Group

Large investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in shares of Zillow Group during the third quarter worth $29,000. EntryPoint Capital LLC acquired a new position in Zillow Group in the 1st quarter worth $53,000. Signaturefd LLC increased its holdings in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares during the period. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of Zillow Group in the third quarter valued at about $95,000. 20.32% of the stock is currently owned by institutional investors.

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.