Dan Spaulding Sells 5,534 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 5,534 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $381,735.32. Following the completion of the sale, the insider now directly owns 68,889 shares of the company’s stock, valued at $4,751,963.22. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, May 14th, Dan Spaulding sold 3,739 shares of Zillow Group stock. The stock was sold at an average price of $68.66, for a total value of $256,719.74.

Zillow Group Stock Performance

Zillow Group stock opened at $68.76 on Friday. The company has a market cap of $16.68 billion, a P/E 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. The business has a fifty day moving average of $66.00 and a two-hundred day moving average of $71.61.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The company had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same quarter last year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of ZG. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group in the 4th quarter worth about $27,000. Blue Trust Inc. raised its position in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Zillow Group by 79.4% in the first quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after purchasing an additional 216 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Zillow Group in the first quarter valued at approximately $42,000. Finally, Asset Dedication LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $47,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZG has been the subject of several research analyst reports. Piper Sandler increased their price objective on Zillow Group from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp lowered their price objective on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Citigroup reduced their target price on shares of Zillow Group from $98.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, DA Davidson decreased their target price on shares of Zillow Group from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.