Zillow Group, Inc. (NASDAQ:ZG) CAO Sells $195,131.72 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 2,842 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total value of $195,131.72. Following the completion of the sale, the chief accounting officer now directly owns 55,478 shares in the company, valued at approximately $3,809,119.48. The trade was a 4.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, May 8th, Jennifer Rock sold 5,997 shares of Zillow Group stock. The stock was sold at an average price of $68.06, for a total value of $408,155.82.

Zillow Group Stock Performance

Zillow Group stock opened at $68.76 on Monday. The stock’s 50 day moving average price is $66.00 and its 200 day moving average price is $71.70. The firm has a market capitalization of $16.68 billion, a PE ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a one year low of $38.40 and a one year high of $86.58.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The business had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $587.88 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Zillow Group’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of ZG. Norges Bank bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $165,326,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock valued at $18,454,000 after acquiring an additional 241,331 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Zillow Group by 101.3% in the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after acquiring an additional 211,482 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $14,916,000. Finally, Sone Capital Management LLC bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $11,185,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZG has been the topic of several research analyst reports. Robert W. Baird initiated coverage on Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective on the stock. Citigroup reduced their price objective on Zillow Group from $98.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. William Blair initiated coverage on Zillow Group in a research note on Monday, April 21st. They issued a “market perform” rating on the stock. Piper Sandler lifted their price objective on Zillow Group from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Evercore ISI lifted their price objective on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.80.

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.