Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock Sells 8,225 Shares

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 8,225 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $73.05, for a total value of $600,836.25. Following the sale, the chief accounting officer now owns 61,424 shares of the company’s stock, valued at approximately $4,487,023.20. This represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The shares were sold at an average price of $74.00, for a total value of $235,838.00.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The shares were sold at an average price of $54.71, for a total value of $199,691.50.

Zillow Group Stock Down 1.8 %

Shares of ZG traded down $1.27 during mid-day trading on Friday, reaching $70.73. The company’s stock had a trading volume of 594,758 shares, compared to its average volume of 626,221. Zillow Group, Inc. has a 12-month low of $36.38 and a 12-month high of $73.89. The stock has a market cap of $16.37 billion, a PE ratio of -124.09 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company’s 50 day moving average is $61.20 and its 200 day moving average is $51.33.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $555.45 million. During the same quarter last year, the business posted ($0.12) EPS. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZG. Citigroup boosted their price objective on Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. 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. DA Davidson boosted their price target on Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Evercore ISI boosted their price target on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Susquehanna boosted their price target on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average target price of $67.17.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of ZG. Edgestream Partners L.P. increased its position in Zillow Group by 140.6% during the first quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock worth $992,000 after buying an additional 12,116 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Zillow Group during the first quarter worth $1,597,000. Russell Investments Group Ltd. increased its position in Zillow Group by 148.6% during the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after buying an additional 19,087 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Zillow Group by 24.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock worth $2,233,000 after buying an additional 9,828 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Zillow Group by 169.9% during 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 owned by institutional investors and hedge funds.

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.