Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $1,250,690.00 in Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the transaction, the insider now directly owns 22,739 shares of the company’s stock, valued at approximately $1,672,908.23. This represents a 42.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Zillow Group Stock Up 1.9 %

Shares of NASDAQ:ZG opened at $80.79 on Friday. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $81.74. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average price is $63.67 and its 200-day moving average price is $52.80. The stock has a market capitalization of $18.87 billion, a P/E ratio of -141.74 and a beta of 2.02.

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

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in Zillow Group by 148.6% during the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock valued at $1,528,000 after purchasing an additional 19,087 shares during the period. EntryPoint Capital LLC bought a new position in shares of Zillow Group during the first quarter valued at approximately $53,000. Price T Rowe Associates Inc. MD raised its holdings in Zillow Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,501 shares of the technology company’s stock worth $1,556,000 after purchasing an additional 1,526 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Zillow Group during the first quarter valued at about $1,597,000. Finally, California State Teachers Retirement System raised its stake in Zillow Group by 169.9% in the first quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock worth $1,186,000 after buying an additional 15,594 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on ZG shares. Susquehanna boosted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Citigroup boosted their target price on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Barclays raised their price target on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Benchmark raised their target price on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $68.18.

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.