Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens Sells 1,846 Shares

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 1,846 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.03, for a total transaction of $134,813.38. Following the transaction, the general counsel now owns 29,893 shares of the company’s stock, valued at approximately $2,183,085.79. This represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Stock Down 1.8 %

Zillow Group stock opened at $70.73 on Friday. The stock’s 50 day moving average is $61.58 and its 200 day moving average is $51.52. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a one year low of $36.38 and a one year high of $73.89.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ZG. Canaccord Genuity Group boosted their price target on Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Benchmark increased their target price on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Craig Hallum increased their price objective on shares of Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, JMP Securities boosted their target price on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. One research 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’s stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

Institutional Trading of Zillow Group

Institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of Zillow Group in the 3rd quarter worth about $29,000. EntryPoint Capital LLC acquired a new stake in Zillow Group during the first quarter worth approximately $53,000. Signaturefd LLC increased its holdings in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC increased its holdings in Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares in the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new position in Zillow Group in the third quarter valued at approximately $95,000. Institutional investors own 20.32% of the company’s stock.

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.