Zillow Group, Inc. (NASDAQ:ZG) CAO Sells $235,838.00 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the sale, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at $5,154,026. The trade was a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jennifer Rock also recently made the following trade(s):

• On Friday, November 15th, Jennifer Rock sold 8,225 shares of Zillow Group stock. The stock was sold at an average price of $73.05, for a total value of $600,836.25.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total value of $199,691.50.

Zillow Group Price Performance

NASDAQ ZG traded down $1.27 during trading hours on Friday, reaching $70.73. The company’s stock had a trading volume of 594,758 shares, compared to its average volume of 626,221. The firm’s 50-day moving average price is $61.20 and its 200-day moving average price is $51.33. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1 year low of $36.38 and a 1 year high of $73.89. The company has a market capitalization of $16.37 billion, a price-to-earnings ratio of -124.09 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. During the same period in the previous year, the firm earned ($0.12) EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on ZG. Canaccord Genuity Group lifted their price objective on Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group boosted their price target on Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Susquehanna boosted their price target on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $47.00 price target on shares of Zillow Group in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.17.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Zillow Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after acquiring an additional 421 shares in the last quarter. Creative Planning raised its holdings in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after acquiring an additional 439 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Zillow Group during the 3rd quarter worth approximately $29,000. Finally, Wedmont Private Capital raised its holdings in shares of Zillow Group by 4.2% during the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock worth $610,000 after acquiring an additional 504 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.