Zillow Group, Inc. (NASDAQ:ZG) CTO Sells $235,150.63 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 3,179 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.97, for a total value of $235,150.63. Following the completion of the transaction, the chief technology officer now owns 165,015 shares of the company’s stock, valued at $12,206,159.55. The trade was a 1.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Stock Down 1.8 %

Shares of 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. The stock’s fifty day moving average price is $61.58 and its two-hundred day moving average price is $51.66. Zillow Group, Inc. has a one year low of $36.38 and a one year high of $73.89.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS 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 business had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. During the same period in the prior year, the company posted ($0.12) earnings per share. Zillow Group’s revenue was up 17.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ZG shares. Susquehanna raised 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, November 11th. Benchmark raised their target price on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Evercore ISI lifted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, JMP Securities upped their target price on shares of Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. One 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’s stock. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $67.17.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after acquiring an additional 32,766 shares during the period. State Street Corp grew its holdings in shares of Zillow Group by 0.4% during the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after purchasing an additional 2,832 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Zillow Group by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after purchasing an additional 35,503 shares during the period. Selkirk Management LLC raised its stake in Zillow Group by 37.4% in the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after purchasing an additional 87,300 shares in the last quarter. Finally, US Bancorp DE lifted its position in Zillow Group by 6.5% during the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 18,136 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.