Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CAO Sells 3,187 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 3,187 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the sale, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at approximately $5,154,026. This trade represents a 4.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, November 15th, Jennifer Rock sold 8,225 shares of Zillow Group stock. The shares were sold at an average price of $73.05, for a total value of $600,836.25.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total transaction of $199,691.50.

Zillow Group Stock Performance

NASDAQ ZG opened at $70.73 on Monday. The company has a 50-day moving average price of $61.58 and a two-hundred day moving average price of $51.66. 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 quick ratio of 3.13 and a current ratio of 3.13.

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, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) EPS. Sell-side analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of ZG. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the 3rd quarter worth approximately $29,000. EntryPoint Capital LLC acquired a new stake in Zillow Group in the first quarter worth approximately $53,000. GAMMA Investing LLC lifted its position in Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares during the period. Pinpoint Asset Management Ltd bought a new position in Zillow Group during the 3rd quarter valued at $95,000. Finally, Signaturefd LLC increased its position in shares of 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 during the period. Institutional investors own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZG. Piper Sandler reissued an “overweight” rating and set a $73.00 price objective (up from $62.00) on shares of Zillow Group in a report on Thursday, November 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a report on Monday, October 7th. Susquehanna upped their price objective on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. JMP Securities lifted their target price on Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. Finally, Craig Hallum upped their price target on Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One equities 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.