Zillow Group (NASDAQ:ZG) Director Thielke Claire Cormier Sells 1,187 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Thielke Claire Cormier sold 1,187 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $33.09, for a total transaction of $39,277.83. Following the transaction, the director directly owned 3,562 shares in the company, valued at approximately $117,866.58. This trade represents a 24.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Stock Down 2.2%

Shares of ZG opened at $33.49 on Thursday. Zillow Group, Inc. has a 52-week low of $29.03 and a 52-week high of $90.22. The company has a 50-day simple moving average of $33.03 and a 200-day simple moving average of $40.68. The company has a market capitalization of $7.66 billion, a PE ratio of 152.23, a P/E/G ratio of 1.46 and a beta of 1.95.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The firm had revenue of $772.00 million for the quarter, compared to the consensus estimate of $758.25 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. On average, research analysts anticipate that Zillow Group, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BTIG Research reaffirmed a “neutral” rating on shares of Zillow Group in a research note on Thursday, June 11th. Citigroup decreased their target price on Zillow Group from $68.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. KeyCorp lowered their target price on Zillow Group from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Weiss Ratings cut Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Finally, DA Davidson cut their price target on Zillow Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.29.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in Zillow Group by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the technology company’s stock valued at $147,000 after acquiring an additional 198 shares during the last quarter. Lido Advisors LLC increased its position in shares of Zillow Group by 0.4% in the 4th quarter. Lido Advisors LLC now owns 50,846 shares of the technology company’s stock worth $3,627,000 after purchasing an additional 215 shares during the last quarter. Royal London Asset Management Ltd. increased its position in shares of Zillow Group by 1.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 18,217 shares of the technology company’s stock worth $1,248,000 after purchasing an additional 247 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Zillow Group by 8.5% in the 3rd quarter. Mackenzie Financial Corp now owns 3,301 shares of the technology company’s stock valued at $246,000 after purchasing an additional 258 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Zillow Group by 7.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,915 shares of the technology company’s stock valued at $258,000 after purchasing an additional 258 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

About Zillow Group

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.