Zillow Group, Inc. (NASDAQ:ZG) Insider Susan Daimler Sells 3,694 Shares

Zillow Group, Inc. (NASDAQ:ZG) insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the sale, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Susan Daimler also recently made the following trade(s):

• On Tuesday, September 10th, Susan Daimler sold 3,484 shares of Zillow Group stock. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12.

Zillow Group Stock Down 1.8 %

Zillow Group stock opened at $70.73 on Friday. Zillow Group, Inc. has a fifty-two week low of $36.38 and a fifty-two week high of $73.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The firm’s 50 day simple moving average is $61.58 and its 200-day simple moving average is $51.52.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) EPS. Analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of 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 buying an additional 32,766 shares during the period. M&T Bank Corp acquired a new position in Zillow Group during the third quarter worth $258,000. State Street Corp increased its position 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 during the last quarter. Quadrature Capital Ltd bought a new stake in Zillow Group during the third quarter worth $418,000. Finally, Quantinno Capital Management LP acquired a new stake in Zillow Group in the 3rd quarter valued at about $325,000. 20.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZG has been the subject of a number of analyst reports. UBS Group increased their target price on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Benchmark increased their price objective on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada boosted their target price on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JMP Securities increased their price target 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. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.