Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock Sells 8,225 Shares

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 8,225 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $73.05, for a total transaction of $600,836.25. Following the completion of the sale, the chief accounting officer now directly owns 61,424 shares of the company’s stock, valued at $4,487,023.20. The trade was a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The shares were sold at an average price of $74.00, for a total value of $235,838.00.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The shares were sold at an average price of $54.71, for a total value of $199,691.50.

Zillow Group Stock Performance

NASDAQ ZG opened at $70.73 on Monday. 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 fifty-two week low of $36.38 and a fifty-two week high of $73.89. The business has a fifty day moving average of $61.58 and a 200-day moving average of $51.66. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of -124.09 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in Zillow Group in the 3rd quarter worth approximately $29,000. EntryPoint Capital LLC purchased a new stake in shares of Zillow Group in the first quarter valued at $53,000. Signaturefd LLC grew its position in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares during the period. GAMMA Investing LLC increased its stake in Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares during the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new position in Zillow Group during the third quarter worth about $95,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JMP Securities boosted their price objective on shares of Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. Piper Sandler restated an “overweight” rating and issued a $73.00 price objective (up previously from $62.00) on shares of Zillow Group in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Benchmark raised their price target on Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, UBS Group upped their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.17.

Zillow Group Company Profile

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.