Zillow Group, Inc. (NASDAQ:ZG) Insider Susan Daimler Sells 3,694 Shares

Zillow Group, Inc. (NASDAQ:ZG) insider Susan Daimler sold 3,694 shares of the firm’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 completion of the sale, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 Stock Down 1.8 %

Shares of NASDAQ: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. Zillow Group, Inc. has a 12 month low of $36.38 and a 12 month high of $73.89. The company’s fifty day moving average price is $61.58 and its 200 day moving average price is $51.52.

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

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently modified their holdings of ZG. Future Financial Wealth Managment LLC purchased a new position in shares of Zillow Group during the third quarter worth about $29,000. EntryPoint Capital LLC acquired a new stake in Zillow Group during the 1st quarter worth approximately $53,000. Signaturefd LLC grew its stake in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares during the period. Finally, Pinpoint Asset Management Ltd acquired a new position in shares of Zillow Group in the third quarter valued at approximately $95,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZG has been the subject of a number of research analyst reports. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Canaccord Genuity Group increased their target price on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. DA Davidson boosted their price target on shares of Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JMP Securities increased their price objective on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.17.

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.