Zillow Group, Inc. (NASDAQ:ZG) General Counsel Sells $134,813.38 in Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 1,846 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.03, for a total transaction of $134,813.38. Following the completion of the sale, the general counsel now owns 29,893 shares in the company, valued at $2,183,085.79. This represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Stock Performance

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

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to analysts’ expectations 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 revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) EPS. Equities research analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised 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 valued at $49,871,000 after buying an additional 2,832 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Zillow Group during the 3rd quarter valued at $418,000. Quantinno Capital Management LP bought a new position in shares of Zillow Group during the 3rd quarter valued at $325,000. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Zillow Group during the 3rd quarter valued at $9,813,000. Finally, Pinpoint Asset Management Ltd bought a new position in shares of Zillow Group during the 3rd quarter valued at $95,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZG. JMP Securities upped their target price on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a report on Thursday, November 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price objective (up from $62.00) on shares of Zillow Group in a research report on Thursday, November 7th. Craig Hallum upped their price objective on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Benchmark upped their price objective on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Susquehanna upped their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.17.

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.