Zillow Group, Inc. (NASDAQ:ZG) Director Sells $706,900.00 in Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Gordon Sheridan Stephenson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total value of $706,900.00. Following the completion of the transaction, the director now directly owns 28,290 shares in the company, valued at approximately $1,999,820.10. The trade was a 26.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Zillow Group Stock Performance

Shares of ZG opened at $68.76 on Friday. Zillow Group, Inc. has a one year low of $38.40 and a one year high of $86.58. The stock’s fifty day moving average is $66.00 and its 200-day moving average is $71.61. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

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

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. Norges Bank bought a new position in Zillow Group during the 4th quarter valued at $165,326,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Zillow Group by 1,261.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock valued at $18,454,000 after buying an additional 241,331 shares during the period. Virtu Financial LLC boosted its stake in Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after buying an additional 211,482 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Zillow Group during the fourth quarter worth about $14,916,000. Finally, Sone Capital Management LLC bought a new stake in Zillow Group in the fourth quarter worth about $11,185,000. Institutional investors own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America upped their price target on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Wells Fargo & Company assumed coverage on shares of Zillow Group in a research note on Monday, April 28th. They issued a “mixed” rating and a $62.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Susquehanna upped their price objective on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Barclays decreased their target price on Zillow Group from $64.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average 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.