Jennifer Rock Sells 4,050 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the sale, the chief accounting officer now owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, May 15th, Jennifer Rock sold 2,640 shares of Zillow Group stock. The shares were sold at an average price of $44.17, for a total transaction of $116,608.80.

Zillow Group Trading Up 0.8 %

Shares of ZG stock opened at $51.84 on Thursday. Zillow Group, Inc. has a 52-week low of $33.23 and a 52-week high of $59.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of -75.13, a P/E/G ratio of 23.61 and a beta of 2.05. The firm has a fifty day moving average of $46.48 and a 200-day moving average of $47.05.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm had revenue of $572.00 million during the quarter, compared to analyst estimates of $538.36 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Zillow Group, Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZG. Canaccord Genuity Group decreased their price target on Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, April 29th. DA Davidson reissued a “buy” rating and set a $52.00 price objective on shares of Zillow Group in a research report on Tuesday, June 18th. Barclays boosted their target price on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th. Evercore ISI raised their price objective on Zillow Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, UBS Group lifted their target price on shares of Zillow Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $58.93.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of ZG. GAMMA Investing LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth approximately $26,000. Fidelis Capital Partners LLC bought a new position in Zillow Group in the first quarter valued at approximately $32,000. Quadrant Capital Group LLC boosted its stake in Zillow Group by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after purchasing an additional 237 shares during the period. EntryPoint Capital LLC bought a new position in shares of Zillow Group during the first quarter worth about $53,000. Finally, Signaturefd LLC grew its stake in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.