Insider Selling: Zillow Group (NASDAQ:ZG) General Counsel Sells 1,897 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley Owens sold 1,897 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $71.12, for a total transaction of $134,914.64. Following the completion of the transaction, the general counsel owned 40,696 shares in the company, valued at $2,894,299.52. The trade was a 4.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Zillow Group Stock Down 2.1%

Shares of Zillow Group stock traded down $1.47 during trading hours on Friday, hitting $67.21. The company’s stock had a trading volume of 908,247 shares, compared to its average volume of 587,079. The business has a fifty day moving average of $74.75 and a 200 day moving average of $73.29. Zillow Group, Inc. has a 1-year low of $56.63 and a 1-year high of $90.22. The company has a market capitalization of $16.27 billion, a PE ratio of -258.50, a P/E/G ratio of 23.55 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The business had revenue of $676.00 million for the quarter, compared to analysts’ expectations of $670.28 million. During the same period last year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Zillow Group has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ZG. Trexquant Investment LP acquired a new position in Zillow Group in the first quarter valued at approximately $370,000. ABC Arbitrage SA lifted its stake in Zillow Group by 390.1% in the second quarter. ABC Arbitrage SA now owns 31,227 shares of the technology company’s stock valued at $2,139,000 after buying an additional 24,856 shares during the last quarter. TD Asset Management Inc acquired a new position in shares of Zillow Group during the second quarter valued at $262,000. Arkadios Wealth Advisors acquired a new stake in shares of Zillow Group in the 2nd quarter worth about $877,000. Finally, Rhumbline Advisers lifted its position in Zillow Group by 8.0% in the 1st quarter. Rhumbline Advisers now owns 51,030 shares of the technology company’s stock valued at $3,412,000 after purchasing an additional 3,765 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on ZG shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Zillow Group in a research note on Monday, October 27th. JPMorgan Chase & Co. raised their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Susquehanna dropped their target price on shares of Zillow Group from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. DA Davidson reaffirmed a “buy” rating and set a $95.00 price target on shares of Zillow Group in a research report on Thursday, October 2nd. Finally, Mizuho initiated coverage on Zillow Group in a research note on Monday, September 29th. They issued an “outperform” rating and a $100.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.42.

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.