Jeremy Wacksman Sells 5,985 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 5,985 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total value of $442,650.60. Following the completion of the sale, the chief executive officer now directly owns 161,678 shares in the company, valued at approximately $11,957,704.88. This represents a 3.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 15th, Jeremy Wacksman sold 9,136 shares of Zillow Group stock. The shares were sold at an average price of $73.22, for a total value of $668,937.92.

Zillow Group Stock Performance

ZG stock opened at $70.73 on Monday. The stock has a 50-day moving average price of $61.58 and a 200-day moving average price of $51.66. Zillow Group, Inc. has a 1-year low of $36.38 and a 1-year high of $73.89. 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 firm has a market cap of $16.37 billion, a PE ratio of -124.09 and a beta of 2.02.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ZG shares. DA Davidson increased their price target on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $47.00 price target on shares of Zillow Group in a research note on Monday, October 7th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Canaccord Genuity Group increased their price target on Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, JMP Securities raised their target price on Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.17.

Institutional Trading of Zillow Group

Large investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at about $29,000. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group in the 1st quarter valued at about $53,000. Signaturefd LLC grew its stake in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after buying an additional 360 shares during the period. GAMMA Investing LLC grew its stake in shares of Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the period. Finally, Pinpoint Asset Management Ltd acquired a new stake in shares of Zillow Group in the 3rd quarter valued at about $95,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.