Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) General Counsel Sells $42,257.82 in Stock

Zillow Group, Inc. (NASDAQ:ZG – Get Rating) General Counsel Bradley D. Owens sold 946 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $44.67, for a total value of $42,257.82. Following the completion of the sale, the general counsel now owns 28,756 shares of the company’s stock, valued at $1,284,530.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zillow Group Stock Down 1.2 %

Shares of ZG opened at $44.52 on Monday. The company has a current ratio of 12.70, a quick ratio of 12.70 and a debt-to-equity ratio of 0.37. Zillow Group, Inc. has a 12 month low of $26.21 and a 12 month high of $48.48. The stock’s 50 day moving average is $43.33 and its two-hundred day moving average is $40.10. The firm has a market cap of $10.42 billion, a P/E ratio of -75.46 and a beta of 1.72.

Zillow Group (NASDAQ:ZG – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate 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 company had revenue of $469.00 million for the quarter, compared to analyst estimates of $421.37 million. Analysts predict that Zillow Group, Inc. will post -0.72 earnings per share for the current fiscal year.

Institutional Trading of Zillow Group

A number of institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Zillow Group by 1.1% in the first quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock worth $966,000 after acquiring an additional 250 shares during the last quarter. ProShare Advisors LLC lifted its position in Zillow Group by 3.5% during the fourth quarter. ProShare Advisors LLC now owns 7,414 shares of the technology company’s stock worth $231,000 after buying an additional 254 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Zillow Group by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,016 shares of the technology company’s stock worth $375,000 after buying an additional 277 shares in the last quarter. Brinker Capital Investments LLC lifted its position in Zillow Group by 1.5% during the fourth quarter. Brinker Capital Investments LLC now owns 18,634 shares of the technology company’s stock worth $582,000 after buying an additional 283 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in Zillow Group by 0.7% during the third quarter. New York State Common Retirement Fund now owns 56,690 shares of the technology company’s stock worth $1,623,000 after buying an additional 375 shares in the last quarter. 20.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZG has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on Zillow Group from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, February 16th. JPMorgan Chase & Co. initiated coverage on Zillow Group in a research note on Monday, February 27th. They issued an “overweight” rating and a $48.00 price objective for the company. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 27th. Bank of America raised their price objective on Zillow Group from $54.00 to $55.00 in a research note on Thursday, May 4th. Finally, Evercore ISI upgraded Zillow Group from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $61.00 in a research note on Monday, February 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $45.90.

About Zillow Group

(Get Rating)

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.