Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) Insider Sells 4,219 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the sale, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The sale was disclosed in a document filed with the SEC, which is available through this link.

Zillow Group Price Performance

Shares of ZG traded down $1.75 during mid-day trading on Thursday, hitting $47.86. The company’s stock had a trading volume of 748,442 shares, compared to its average volume of 723,076. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of -72.75 and a beta of 1.85. The firm has a 50-day moving average price of $52.92 and a 200 day moving average price of $47.74. Zillow Group, Inc. has a fifty-two week low of $33.23 and a fifty-two week high of $59.23.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. On average, research analysts predict that Zillow Group, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on ZG. JMP Securities raised their price objective on shares of Zillow Group from $60.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 14th. Piper Sandler lifted their target price on shares of Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Zillow Group in a research report on Tuesday, March 5th. Stephens restated an “overweight” rating and set a $79.00 target price on shares of Zillow Group in a research report on Wednesday, February 14th. Finally, Benchmark boosted their price objective on shares of Zillow Group from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.71.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in Zillow Group during the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV bought a new position in Zillow Group during the fourth quarter worth $31,000. Quadrant Capital Group LLC increased its position in Zillow Group by 45.1% during the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after acquiring an additional 237 shares during the period. PNC Financial Services Group Inc. increased its holdings in Zillow Group by 69.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company’s stock valued at $53,000 after buying an additional 441 shares during the period. Finally, CWM LLC increased its holdings in Zillow Group by 100.0% in the 3rd quarter. CWM LLC now owns 1,222 shares of the technology company’s stock valued at $55,000 after buying an additional 611 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.