Zillow Group, Inc. (NASDAQ:ZG) Insider Errol G. Samuelson Sells 6,967 Shares

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Zillow Group Trading Up 2.0 %

NASDAQ ZG opened at $76.89 on Friday. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. 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 has a 50-day moving average of $75.58 and a 200-day moving average of $66.12. The firm has a market cap of $17.96 billion, a PE ratio of -134.89, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last released its earnings results 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%. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ZG. DA Davidson raised their price target on Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity Group raised their price target on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Piper Sandler cut their price target on Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday. UBS Group raised their price target on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group lifted their price objective on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd bought a new position in Zillow Group during the 4th quarter valued at approximately $27,000. Blue Trust Inc. raised its position in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Asset Dedication LLC bought a new position in Zillow Group during the 4th quarter valued at approximately $47,000. Assetmark Inc. raised its position in Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after purchasing an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

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.