Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $273,282.12 in Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the sale, the insider now owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Susan Daimler also recently made the following trade(s):

• On Tuesday, September 10th, Susan Daimler sold 3,484 shares of Zillow Group stock. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12.

Zillow Group Trading Down 1.8 %

ZG opened at $70.73 on Friday. 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 business’s 50-day simple moving average is $61.58 and its 200 day simple moving average is $51.59. Zillow Group, Inc. has a 52-week low of $36.38 and a 52-week high of $73.89.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share 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 the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share. As a group, equities research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ZG shares. Royal Bank of Canada increased their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Susquehanna raised their target price on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Craig Hallum lifted their price objective on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.17.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new position in Zillow Group during the first quarter worth $218,000. Russell Investments Group Ltd. raised its holdings in Zillow Group by 148.6% in the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock valued at $1,528,000 after acquiring an additional 19,087 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Zillow Group by 9.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 73,972 shares of the technology company’s stock worth $3,233,000 after acquiring an additional 6,211 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of Zillow Group in the first quarter valued at approximately $186,000. Finally, Edgestream Partners L.P. increased its stake in shares of 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 purchasing an additional 12,116 shares during the period. 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.