Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CAO Sells $600,836.25 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 8,225 shares of Zillow Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.05, for a total transaction of $600,836.25. Following the transaction, the chief accounting officer now directly owns 61,424 shares of the company’s stock, valued at approximately $4,487,023.20. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The stock was sold at an average price of $74.00, for a total value of $235,838.00.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The shares were sold at an average price of $54.71, for a total transaction of $199,691.50.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $70.73 on Monday. The stock’s 50-day moving average is $61.58 and its two-hundred day moving average is $51.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company has a market cap of $16.37 billion, a price-to-earnings ratio of -124.09 and a beta of 2.02. Zillow Group, Inc. has a 1-year low of $36.38 and a 1-year high of $73.89.

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 analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) EPS. Analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ZG. Citigroup lifted their price objective on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Craig Hallum boosted their price target on Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $47.00 target price on shares of Zillow Group in a research note on Monday, October 7th. Finally, Benchmark increased their target price on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. 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 stock. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $67.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cynosure Group LLC acquired a new stake in Zillow Group during the 3rd quarter worth $12,248,000. Mirabella Financial Services LLP purchased a new position in shares of Zillow Group during the third quarter worth about $11,351,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Zillow Group during the third quarter worth about $9,813,000. CreativeOne Wealth LLC lifted its holdings in shares of Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after purchasing an additional 111,743 shares during the last quarter. Finally, Mark Asset Management LP acquired a new stake in shares of Zillow Group in the 2nd quarter valued at about $4,524,000. 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.