Zillow Group, Inc. (NASDAQ:ZG) Director Sells $51,175.95 in Stock

Zillow Group, Inc. (NASDAQ:ZG) Director April Underwood sold 595 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $86.01, for a total transaction of $51,175.95. Following the completion of the transaction, the director directly owned 725 shares of the company’s stock, valued at $62,357.25. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zillow Group Stock Up 5.5%

Shares of ZG stock opened at $81.27 on Thursday. The company has a market cap of $19.62 billion, a price-to-earnings ratio of -312.58, a price-to-earnings-growth ratio of 12.51 and a beta of 2.07. Zillow Group, Inc. has a 52 week low of $50.18 and a 52 week high of $86.58. The firm has a 50 day moving average of $73.05 and a 200-day moving average of $70.86.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $655.00 million for the quarter, compared to analyst estimates of $647.06 million. Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. Analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Institutional Trading of Zillow Group

Large investors have recently modified their holdings of the stock. National Bank of Canada FI grew its position in shares of Zillow Group by 79.4% during the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock worth $33,000 after buying an additional 216 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of Zillow Group during the 1st quarter worth approximately $42,000. CX Institutional acquired a new stake in shares of Zillow Group during the 1st quarter worth approximately $46,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth approximately $70,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Zillow Group by 33.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock worth $75,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. DA Davidson upped their price objective on Zillow Group from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Piper Sandler upped their price objective on Zillow Group from $82.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Susquehanna reaffirmed a “neutral” rating on shares of Zillow Group in a research note on Friday, August 8th. The Goldman Sachs Group lowered their price objective on Zillow Group from $77.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on Zillow Group from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.62.

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.