Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock Sells 3,187 Shares

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 3,187 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00. Following the sale, the chief accounting officer now owns 69,649 shares of the company’s stock, valued at $5,154,026. This trade represents a 4.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, November 15th, Jennifer Rock sold 8,225 shares of Zillow Group stock. The shares were sold at an average price of $73.05, for a total transaction of $600,836.25.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total transaction of $199,691.50.

Zillow Group Trading Down 1.8 %

ZG stock traded down $1.27 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. The business has a fifty day simple moving average of $61.20 and a two-hundred day simple moving average of $51.33. Zillow Group, Inc. has a 12-month low of $36.38 and a 12-month high of $73.89. The firm 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 quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) earnings per share. As a group, research analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ZG. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Craig Hallum upped their target price 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. Benchmark boosted their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Barclays boosted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Susquehanna boosted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.17.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its position in Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after buying an additional 2,832 shares during the period. Quadrature Capital Ltd purchased a new position in Zillow Group during the third quarter valued at $418,000. Quantinno Capital Management LP purchased a new position in Zillow Group during the third quarter valued at $325,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Zillow Group in the 3rd quarter worth about $9,813,000. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of Zillow Group in the 3rd quarter worth about $95,000. Hedge funds and other institutional investors 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.