Jun Choo Sells 10,000 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the sale, the chief operating officer now directly owns 88,130 shares in the company, valued at approximately $6,618,563. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Zillow Group Price Performance

Shares of NASDAQ ZG traded up $3.93 during trading hours on Thursday, hitting $78.93. 643,032 shares of the stock were exchanged, compared to its average volume of 626,993. The company’s fifty day simple moving average is $62.73 and its two-hundred day simple moving average is $52.27. The company has a market cap of $18.43 billion, a PE ratio of -138.47 and a beta of 2.02. Zillow Group, Inc. has a 1-year low of $37.34 and a 1-year high of $79.75. 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 announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) EPS. On average, sell-side analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC increased its position in Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after acquiring an additional 118,830 shares during the period. Synergy Financial Group LTD acquired a new position in Zillow Group during the 3rd quarter worth about $271,000. Geode Capital Management LLC grew its position in shares of Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Zillow Group in the third quarter valued at about $258,000. Finally, State Street Corp increased its stake in shares of Zillow Group by 0.4% in the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after buying an additional 2,832 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

ZG has been the subject of a number of recent analyst reports. Barclays raised their price objective on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Craig Hallum lifted their target price on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Piper Sandler reissued an “overweight” rating and issued a $73.00 price target (up from $62.00) on shares of Zillow Group in a report on Thursday, November 7th. Finally, Benchmark boosted their price objective on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $67.17.

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.