Zillow Group, Inc. (NASDAQ:ZG – Get Rating) General Counsel Bradley D. Owens sold 1,884 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $45.38, for a total transaction of $85,495.92. Following the sale, the general counsel now owns 26,872 shares of the company’s stock, valued at approximately $1,219,451.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Zillow Group Price Performance
Shares of NASDAQ ZG opened at $44.52 on Friday. Zillow Group, Inc. has a twelve month low of $26.21 and a twelve month high of $48.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 12.70 and a quick ratio of 12.70. The firm has a 50-day moving average of $43.33 and a two-hundred day moving average of $40.02.
Zillow Group (NASDAQ:ZG – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.22. Zillow Group had a negative net margin of 5.80% and a negative return on equity of 2.19%. The company had revenue of $469.00 million during the quarter, compared to analyst estimates of $421.37 million. As a group, research analysts expect that Zillow Group, Inc. will post -0.72 EPS for the current fiscal year.
Analysts Set New Price Targets
Institutional Trading of Zillow Group
A number of hedge funds have recently bought and sold shares of the company. Ellevest Inc. increased its holdings in shares of Zillow Group by 179.8% in the 4th quarter. Ellevest Inc. now owns 943 shares of the technology company’s stock valued at $29,000 after purchasing an additional 606 shares during the period. Wipfli Financial Advisors LLC acquired a new position in shares of Zillow Group in the 3rd quarter valued at about $29,000. PNC Financial Services Group Inc. increased its holdings in shares of Zillow Group by 69.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company’s stock valued at $53,000 after purchasing an additional 441 shares during the period. Point72 Middle East FZE acquired a new position in shares of Zillow Group in the 4th quarter valued at about $64,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Zillow Group in the 1st quarter valued at about $101,000. 20.21% of the stock is owned by hedge funds and other institutional investors.
Zillow Group Company Profile
Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.
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