Zillow Group, Inc. (NASDAQ:ZG) CEO Sells $668,937.92 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 9,136 shares of Zillow Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.22, for a total value of $668,937.92. Following the sale, the chief executive officer now owns 152,542 shares of the company’s stock, valued at approximately $11,169,125.24. This represents a 5.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Jeremy Wacksman also recently made the following trade(s):

• On Wednesday, November 13th, Jeremy Wacksman sold 5,985 shares of Zillow Group stock. The stock was sold at an average price of $73.96, for a total value of $442,650.60.

Zillow Group Stock Down 1.8 %

Shares of ZG traded down $1.27 during trading hours on Friday, hitting $70.73. 594,758 shares of the company were exchanged, compared to its average volume of 626,221. The firm’s 50 day moving average is $61.20 and its 200-day moving average is $51.33. Zillow Group, Inc. has a 52 week low of $36.38 and a 52 week high of $73.89. The company has a market cap of $16.37 billion, a PE ratio of -124.09 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same period last year, the firm posted ($0.12) EPS. The business’s revenue was up 17.1% on a year-over-year basis. On average, equities research analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on ZG shares. JMP Securities lifted their price target on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. Craig Hallum lifted their price objective on Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Citigroup boosted their price target on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada boosted their price target on Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $67.17.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Edgestream Partners L.P. lifted its holdings in shares of Zillow Group by 140.6% during the first quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock worth $992,000 after buying an additional 12,116 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Zillow Group during the first quarter worth about $1,597,000. Russell Investments Group Ltd. raised its stake in Zillow Group by 148.6% during the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after acquiring an additional 19,087 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Zillow Group by 24.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock worth $2,233,000 after acquiring an additional 9,828 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Zillow Group by 169.9% during the first quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock worth $1,186,000 after purchasing an additional 15,594 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

About Zillow Group

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.