Jeremy Wacksman Sells 6,776 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 6,776 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.07, for a total transaction of $359,602.32. Following the completion of the transaction, the chief executive officer now directly owns 167,663 shares of the company’s stock, valued at $8,897,875.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, August 14th, Jeremy Wacksman sold 4,480 shares of Zillow Group stock. The stock was sold at an average price of $52.83, for a total transaction of $236,678.40.

Zillow Group Stock Performance

ZG stock opened at $51.74 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The business has a 50-day moving average price of $46.88 and a 200 day moving average price of $46.93. The company has a market capitalization of $12.22 billion, a P/E ratio of -74.99 and a beta of 2.05. Zillow Group, Inc. has a 1-year low of $33.23 and a 1-year high of $59.23.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. The firm had revenue of $572.00 million during the quarter, compared to the consensus estimate of $538.36 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, equities research analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in ZG. Treasurer of the State of North Carolina grew its stake in Zillow Group by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,511 shares of the technology company’s stock valued at $1,390,000 after purchasing an additional 230 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after purchasing an additional 237 shares during the last quarter. Signaturefd LLC grew its stake in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. New York Life Investment Management LLC grew its stake in Zillow Group by 6.7% in the fourth quarter. New York Life Investment Management LLC now owns 6,365 shares of the technology company’s stock valued at $361,000 after purchasing an additional 401 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after purchasing an additional 421 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Craig Hallum lifted their price objective on shares of Zillow Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Evercore ISI lifted their price objective on shares of Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. UBS Group lifted their price objective on shares of Zillow Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Zillow Group in a research note on Monday, August 5th. Finally, Barclays lifted their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $58.93.

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.