Jeremy Wacksman Sells 4,299 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Posted by Defense World Staff on May 21st, 2023

Zillow Group, Inc. (NASDAQ:ZG – Get Rating) COO Jeremy Wacksman sold 4,299 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $44.67, for a total value of $192,036.33. Following the transaction, the chief operating officer now owns 100,617 shares of the company’s stock, valued at $4,494,561.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jeremy Wacksman also recently made the following trade(s):

On Friday, May 19th, Jeremy Wacksman sold 7,361 shares of Zillow Group stock. The shares were sold at an average price of $44.94, for a total value of $330,803.34.

Zillow Group Trading Down 1.2 %

Shares of ZG opened at $44.52 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 12.70 and a current ratio of 12.70. Zillow Group, Inc. has a 1 year low of $26.21 and a 1 year high of $48.48. The stock’s 50-day moving average price is $43.33 and its two-hundred day moving average price is $40.02.

Zillow Group (NASDAQ:ZG – Get Rating) last issued its earnings results on Wednesday, May 3rd. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.22. Zillow Group had a negative return on equity of 2.19% and a negative net margin of 5.80%. The firm had revenue of $469.00 million for the quarter, compared to analysts’ expectations of $421.37 million. Equities analysts expect that Zillow Group, Inc. will post -0.72 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently modified their holdings of the business. Ellevest Inc. lifted its holdings in shares of Zillow Group by 179.8% during 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 in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Zillow Group in the 3rd quarter valued at approximately $29,000. PNC Financial Services Group Inc. raised its position in 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 buying an additional 441 shares during the last quarter. Point72 Middle East FZE acquired a new stake in Zillow Group in the 4th quarter valued at approximately $64,000. Finally, Acadian Asset Management LLC acquired a new stake in Zillow Group in the 1st quarter valued at approximately $101,000. Institutional investors own 20.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ZG shares. Canaccord Genuity Group raised their target price on Zillow Group from $48.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday, February 16th. Benchmark restated a “buy” rating and issued a $52.00 target price on shares of Zillow Group in a research note on Wednesday, February 15th. Evercore ISI upgraded Zillow Group from an “in-line” rating to an “outperform” rating and raised their target price for the company from $34.00 to $61.00 in a research note on Monday, February 13th. JPMorgan Chase & Co. started coverage on Zillow Group in a research note on Monday, February 27th. They issued an “overweight” rating and a $48.00 target price for the company. Finally, DA Davidson raised their target price on Zillow Group from $41.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, February 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.90.

Zillow Group Company Profile

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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.