Jeremy Wacksman Sells 9,136 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 9,136 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.22, for a total transaction of $668,937.92. Following the completion of the transaction, the chief executive officer now directly owns 152,542 shares of the company’s stock, valued at approximately $11,169,125.24. This trade represents a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, November 13th, Jeremy Wacksman sold 5,985 shares of Zillow Group stock. The shares were sold at an average price of $73.96, for a total transaction of $442,650.60.

Zillow Group Price Performance

NASDAQ ZG opened at $70.73 on Friday. The company has a 50-day simple moving average of $61.58 and a two-hundred day simple moving average of $51.52. Zillow Group, Inc. has a 12-month low of $36.38 and a 12-month high of $73.89. 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 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. As a group, equities analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. UBS Group raised their price target on shares of Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $50.00 to $80.00 in a report on Monday, September 16th. JMP Securities lifted their price objective on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their target price on Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $67.17.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new position in Zillow Group during the 3rd quarter valued at $29,000. EntryPoint Capital LLC bought a new stake in shares of Zillow Group during the first quarter valued at approximately $53,000. Signaturefd LLC raised its holdings in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC lifted its position in Zillow Group by 86.7% during the third 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 bought a new stake in shares of Zillow Group during the 3rd quarter valued at $95,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.