Errol G. Samuelson Sells 2,854 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Down 2.3 %

Shares of ZG stock opened at $67.20 on Friday. The firm has a 50 day moving average of $74.84 and a 200-day moving average of $70.45. The company has a market cap of $16.30 billion, a price-to-earnings ratio of -142.98, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ZG shares. Robert W. Baird began coverage on Zillow Group in a report on Friday, January 31st. They set a “neutral” rating and a $88.00 target price on the stock. KeyCorp reduced their target price on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Evercore ISI boosted their price objective on Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Benchmark increased their target price on Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.25.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $165,326,000. Arrowstreet Capital Limited Partnership increased its stake in Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock valued at $18,454,000 after purchasing an additional 241,331 shares in the last quarter. Virtu Financial LLC increased its stake in Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after purchasing 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 $14,916,000. Finally, Cynosure Group LLC bought a new position in shares of Zillow Group in the third quarter valued at $12,248,000. 20.32% of the stock is owned by institutional investors and hedge funds.

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.