Zillow Group, Inc. (NASDAQ:ZG) CEO Sells $442,650.60 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 5,985 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.96, for a total value of $442,650.60. Following the transaction, the chief executive officer now directly owns 161,678 shares of the company’s stock, valued at $11,957,704.88. This represents a 3.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Friday, November 15th, Jeremy Wacksman sold 9,136 shares of Zillow Group stock. The shares were sold at an average price of $73.22, for a total value of $668,937.92.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $70.73 on Friday. Zillow Group, Inc. has a 52-week low of $36.38 and a 52-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 business has a fifty day moving average of $61.58 and a two-hundred day moving average of $51.59.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results 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 firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the firm posted ($0.12) EPS. As a group, research analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

ZG has been the subject of several research reports. Susquehanna increased their price objective on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. JMP Securities raised their price target on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. UBS Group boosted their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Citigroup increased their target price on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group boosted their price target on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $67.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its holdings in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Zillow Group by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after purchasing an additional 421 shares during the last quarter. Creative Planning grew its holdings in shares of Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after purchasing an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the third quarter valued at $29,000. Finally, Wedmont Private Capital raised its holdings in shares of Zillow Group by 4.2% in the second quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock valued at $610,000 after buying an additional 504 shares during the last quarter. 20.32% of the stock is 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.