Zillow Group, Inc. (NASDAQ:ZG) CTO Sells $235,150.63 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 3,179 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.97, for a total value of $235,150.63. Following the completion of the transaction, the chief technology officer now directly owns 165,015 shares of the company’s stock, valued at $12,206,159.55. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zillow Group Stock Down 1.8 %

Shares of NASDAQ:ZG opened at $70.73 on Monday. The firm’s 50 day simple moving average is $61.58 and its 200 day simple moving average is $51.66. Zillow Group, Inc. has a fifty-two week low of $36.38 and a fifty-two week high of $73.89. 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 (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. During the same period last year, the business posted ($0.12) earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZG has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a research note on Monday, October 7th. Susquehanna boosted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. DA Davidson increased their price objective on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Evercore ISI upped their price target on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after purchasing an additional 32,766 shares during the period. State Street Corp boosted its position in shares of 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 buying an additional 2,832 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Zillow Group by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock worth $19,901,000 after buying an additional 35,503 shares during the period. Selkirk Management LLC grew 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 lifted its stake in Zillow Group by 6.5% in the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after acquiring an additional 18,136 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

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.