Errol G. Samuelson Sells 6,962 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 6,962 shares of Zillow Group stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.63, for a total transaction of $477,802.06. Following the completion of the sale, the insider now owns 135,674 shares of the company’s stock, valued at $9,311,306.62. This trade represents a 4.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zillow Group Stock Up 2.3%

Shares of ZG opened at $68.76 on Friday. The stock has a market cap of $16.68 billion, a PE ratio of -146.30, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12-month low of $38.40 and a 12-month high of $86.58. The business has a 50-day simple moving average of $66.00 and a two-hundred day simple moving average of $71.61.

Zillow Group (NASDAQ:ZG) last released 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 net margin of 5.01% and a negative return on equity of 2.12%. The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same period in the prior year, the company earned $0.36 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in shares of Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after acquiring an additional 152,955 shares during the last quarter. EFG Asset Management North America Corp. increased its position in Zillow Group by 6.5% during the 1st quarter. EFG Asset Management North America Corp. now owns 43,245 shares of the technology company’s stock valued at $2,892,000 after purchasing an additional 2,653 shares during the period. AQR Capital Management LLC raised its holdings in Zillow Group by 40.5% during the 1st quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock worth $862,000 after purchasing an additional 3,717 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Zillow Group in the 1st quarter worth approximately $9,998,000. Finally, Trexquant Investment LP acquired a new position in shares of Zillow Group in the 1st quarter worth approximately $370,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ZG shares. KeyCorp lowered their target price on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. DA Davidson reduced their price target on Zillow Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Citigroup lowered 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. The Goldman Sachs Group dropped their price objective on Zillow Group from $77.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, Benchmark reduced their target price on Zillow Group from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.