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 Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total value of $442,650.60. Following the completion of the transaction, the chief executive officer now owns 161,678 shares in the company, valued at $11,957,704.88. This trade represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $73.22, for a total value of $668,937.92.

Zillow Group Stock Down 1.8 %

NASDAQ ZG traded down $1.27 on Friday, hitting $70.73. 594,758 shares of the stock traded hands, compared to its average volume of 626,221. The stock has a 50-day moving average of $61.20 and a 200 day moving average of $51.33. Zillow Group, Inc. has a twelve month low of $36.38 and a twelve month high of $73.89. The company has a market capitalization 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 (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. As a group, analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Susquehanna boosted their price target on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $73.00 target price (up from $62.00) on shares of Zillow Group in a research note on Thursday, November 7th. JMP Securities upped their target price on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, DA Davidson boosted their price target on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Oppenheimer & Co. Inc. bought a new position in Zillow Group in the 1st quarter worth approximately $218,000. Russell Investments Group Ltd. grew its holdings in Zillow Group by 148.6% in the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after buying an additional 19,087 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Zillow Group by 9.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 73,972 shares of the technology company’s stock valued at $3,233,000 after purchasing an additional 6,211 shares in the last quarter. SageView Advisory Group LLC bought a new position in Zillow Group during the 1st quarter valued at $186,000. Finally, Edgestream Partners L.P. boosted its stake in Zillow Group by 140.6% during the 1st quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock valued at $992,000 after purchasing an additional 12,116 shares in the last quarter. 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.