Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens Sells 1,212 Shares

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the transaction, the general counsel now owns 31,739 shares in the company, valued at $2,348,051.22. This represents a 3.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Zillow Group Stock Down 1.8 %

Shares of NASDAQ ZG opened at $70.73 on Friday. The company has a fifty day moving average price of $61.58 and a 200 day moving average price of $51.52. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1-year low of $36.38 and a 1-year high of $73.89.

Zillow Group (NASDAQ:ZG) last released 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. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same quarter in the prior year, the firm posted ($0.12) EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, equities analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ZG shares. Wedbush raised 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 report on Monday, September 16th. Barclays upped their price target on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and set a $47.00 target price on shares of Zillow Group in a report on Monday, October 7th. Canaccord Genuity Group increased their price objective on Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Geode Capital Management LLC increased its stake in Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after acquiring an additional 32,766 shares during the period. State Street Corp raised its stake in Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after acquiring an additional 2,832 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Zillow Group by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after purchasing an additional 35,503 shares in the last quarter. Selkirk Management LLC increased its holdings in shares of Zillow Group by 37.4% during the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after buying an additional 87,300 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Zillow Group by 6.5% in the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 18,136 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.