Zillow Group (NASDAQ:ZG) Insider Dan Spaulding Sells 3,901 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 3,901 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $44.19, for a total transaction of $172,385.19. Following the transaction, the insider directly owned 46,441 shares in the company, valued at approximately $2,052,227.79. The trade was a 7.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Dan Spaulding also recently made the following trade(s):

• On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The stock was sold at an average price of $43.95, for a total transaction of $235,615.95.

Zillow Group Price Performance

Zillow Group stock opened at $43.99 on Wednesday. Zillow Group, Inc. has a 12-month low of $42.25 and a 12-month high of $90.22. The stock has a market capitalization of $10.65 billion, a PE ratio of 488.83, a price-to-earnings-growth ratio of 3.21 and a beta of 2.04. The firm has a 50 day simple moving average of $63.70 and a 200-day simple moving average of $71.27.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $654.00 million for the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.Zillow Group’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. On average, analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZG has been the subject of several research reports. Mizuho set a $65.00 target price on Zillow Group in a research note on Wednesday, February 11th. UBS Group set a $80.00 price target on shares of Zillow Group in a report on Wednesday, February 11th. Susquehanna set a $50.00 price objective on shares of Zillow Group in a research report on Thursday, February 12th. Robert W. Baird set a $67.00 target price on shares of Zillow Group in a report on Wednesday, February 11th. Finally, KeyCorp cut their target price on shares of Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Fourteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.05.

Zillow Group News Summary

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Senior insiders still retain meaningful stakes after the sales (CEO Jeremy Wacksman ~116k shares, CFO Jeremy Hofmann ~65k, director/insider Dan Spaulding ~41k), which supports continued alignment with shareholders. CEO Form 4
• Neutral Sentiment: All trades were disclosed in routine SEC Form 4 filings; there’s no company announcement tying the sales to corporate events or financial guidance changes. Insider Form 4
• Negative Sentiment: CEO Jeremy Wacksman sold a combined 18,390 shares across Feb. 12 and Feb. 17 at roughly $44.20 average, generating ~ $813.5k in proceeds and reducing his reported ownership (see filings). Executive-level selling at scale can be interpreted as a signal that weighs on sentiment. CEO Form 4
• Negative Sentiment: CFO Jeremy Hofmann sold 5,538 shares on Feb. 12 at an average of $44.22 (~$244.9k), trimming his stake by ~7.8% to ~65.3k shares — another senior-level sale that may pressure sentiment. CFO Form 4
• Negative Sentiment: Director/insider Dan Spaulding sold 9,262 shares across Feb. 12 and Feb. 17 at ~ $44.07 average (~$408.0k), reducing his holding to ~41.1k shares — further insider selling from the leadership team. Insider Form 4

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Zillow Group by 39.8% during the 4th quarter. AQR Capital Management LLC now owns 27,131 shares of the technology company’s stock worth $1,851,000 after purchasing an additional 7,721 shares in the last quarter. EFG International AG purchased a new stake in shares of Zillow Group in the fourth quarter valued at $9,743,000. Jain Global LLC boosted its position in shares of Zillow Group by 50.3% in the fourth quarter. Jain Global LLC now owns 32,022 shares of the technology company’s stock worth $2,185,000 after buying an additional 10,722 shares during the period. Tiger Global Management LLC grew its holdings in shares of Zillow Group by 30.7% during the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock valued at $69,849,000 after buying an additional 240,690 shares in the last quarter. Finally, Amundi raised its position in Zillow Group by 4.3% during the fourth quarter. Amundi now owns 22,159 shares of the technology company’s stock valued at $1,512,000 after buying an additional 913 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.