Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock Sells 5,796 Shares

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 5,796 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jennifer Rock also recently made the following trade(s):

• On Friday, December 6th, Jennifer Rock sold 3,033 shares of Zillow Group stock. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74.

Zillow Group Stock Up 2.0 %

Shares of Zillow Group stock opened at $76.89 on Friday. The company has a market cap of $17.96 billion, a price-to-earnings ratio of -134.89, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The company’s 50 day moving average is $75.58 and its 200 day moving average is $66.12. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Research analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Zillow Group in the fourth quarter worth approximately $165,326,000. Arrowstreet Capital Limited Partnership raised its position in Zillow Group by 1,261.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after acquiring an additional 241,331 shares during the period. Virtu Financial LLC raised its position in Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after acquiring an additional 211,482 shares during the period. Raymond James Financial Inc. bought a new position in Zillow Group in the fourth quarter worth approximately $14,916,000. Finally, Cynosure Group LLC bought a new position in Zillow Group in the third quarter worth approximately $12,248,000. Institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Benchmark increased their price target on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Piper Sandler cut their price objective on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday. Robert W. Baird began coverage on shares of Zillow Group in a report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective on the stock. DA Davidson upped their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Cantor Fitzgerald upped their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.00.

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.