Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CAO Sells 1,965 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG – Get Rating) CAO Jennifer Rock sold 1,965 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $41.21, for a total value of $80,977.65. Following the sale, the chief accounting officer now directly owns 69,571 shares in the company, valued at $2,867,020.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zillow Group stock traded up $1.91 during trading hours on Thursday, hitting $42.31. The stock had a trading volume of 1,649,406 shares, compared to its average volume of 1,068,384. The company has a 50-day moving average of $45.29 and a two-hundred day moving average of $53.21. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. The company has a market cap of $10.42 billion, a PE ratio of -19.45 and a beta of 1.49. Zillow Group, Inc. has a fifty-two week low of $33.26 and a fifty-two week high of $124.90.

Zillow Group (NASDAQ:ZG – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.56. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Zillow Group had a negative return on equity of 7.34% and a negative net margin of 5.04%. The company’s revenue for the quarter was up 249.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. As a group, analysts forecast that Zillow Group, Inc. will post 0.86 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Sphinx Trading LP acquired a new position in Zillow Group in the 4th quarter valued at approximately $25,000. Rosenberg Matthew Hamilton acquired a new position in Zillow Group in the 4th quarter valued at approximately $30,000. Jacobi Capital Management LLC acquired a new position in shares of Zillow Group in the 3rd quarter worth approximately $44,000. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $31,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Zillow Group by 69.5% in the 4th quarter. Quadrant Capital Group LLC now owns 678 shares of the technology company’s stock worth $42,000 after buying an additional 278 shares in the last quarter. 20.82% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on ZG shares. DA Davidson cut their target price on Zillow Group from $125.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, February 11th. Susquehanna dropped their price target on Zillow Group from $62.00 to $41.00 in a research report on Monday, May 9th. Stifel Nicolaus upped their price target on Zillow Group from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Friday, February 11th. Benchmark dropped their price target on Zillow Group from $115.00 to $65.00 in a research report on Friday, May 6th. Finally, Susquehanna Bancshares dropped their price target on Zillow Group from $62.00 to $41.00 in a research report on Monday, May 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $80.95.

About Zillow Group (Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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