Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) Insider Sells 3,658 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZGGet Rating) insider Dan Spaulding sold 3,658 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $41.14, for a total transaction of $150,490.12. Following the sale, the insider now owns 24,278 shares of the company’s stock, valued at approximately $998,796.92. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Dan Spaulding also recently made the following trade(s):

  • On Friday, May 6th, Dan Spaulding sold 4,000 shares of Zillow Group stock. The shares were sold at an average price of $38.13, for a total transaction of $152,520.00.

Shares of Zillow Group stock traded up $1.91 on Thursday, reaching $42.31. The stock had a trading volume of 1,649,406 shares, compared to its average volume of 1,068,384. Zillow Group, Inc. has a 1 year low of $33.26 and a 1 year high of $124.90. The company has a market cap of $10.42 billion, a P/E ratio of -19.45 and a beta of 1.49. The company has a current ratio of 1.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $45.29 and its two-hundred day moving average is $53.21.

Zillow Group (NASDAQ:ZGGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.56. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Zillow Group had a negative net margin of 5.04% and a negative return on equity of 7.34%. Zillow Group’s revenue for the quarter was up 249.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. On average, equities analysts anticipate that Zillow Group, Inc. will post 0.86 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of ZG. Sphinx Trading LP bought a new position in shares of Zillow Group in the fourth quarter worth approximately $25,000. Rosenberg Matthew Hamilton bought a new position in Zillow Group during the fourth quarter valued at approximately $30,000. Future Financial Wealth Managment LLC bought a new position in Zillow Group during the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC grew its position in Zillow Group by 69.5% during the fourth quarter. Quadrant Capital Group LLC now owns 678 shares of the technology company’s stock valued at $42,000 after acquiring an additional 278 shares during the last quarter. Finally, Jacobi Capital Management LLC bought a new position in Zillow Group during the third quarter valued at approximately $44,000. Institutional investors own 20.82% of the company’s stock.

Several research firms have recently issued reports on ZG. Stifel Nicolaus upped their target price on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Friday, February 11th. Wolfe Research reduced their target price on shares of Zillow Group from $75.00 to $69.00 and set a “peer perform” rating for the company in a research note on Friday, February 11th. Susquehanna reduced their target price on shares of Zillow Group from $62.00 to $41.00 in a research note on Monday, May 9th. Royal Bank of Canada reduced their price target on shares of Zillow Group from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, April 26th. Finally, Morgan Stanley increased their price target on shares of Zillow Group from $74.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Hold” and an average price target 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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