Jeremy Wacksman Sells 4,480 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 4,480 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $52.83, for a total transaction of $236,678.40. Following the completion of the sale, the chief executive officer now owns 174,439 shares of the company’s stock, valued at $9,215,612.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Friday, August 16th, Jeremy Wacksman sold 6,776 shares of Zillow Group stock. The shares were sold at an average price of $53.07, for a total transaction of $359,602.32.

Zillow Group Stock Performance

NASDAQ:ZG traded up $0.24 during trading hours on Friday, hitting $51.74. 367,577 shares of the company traded hands, compared to its average volume of 661,435. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of -74.99 and a beta of 2.05. Zillow Group, Inc. has a twelve month low of $33.23 and a twelve month high of $59.23. The firm has a 50-day moving average of $46.68 and a 200 day moving average of $47.08. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.31 by $0.08. The firm had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) EPS. On average, analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

Large investors have recently bought and sold shares of the stock. Scientech Research LLC bought a new stake in Zillow Group in the 2nd quarter valued at $211,000. Selkirk Management LLC grew its holdings in shares of Zillow Group by 37.4% in the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after purchasing an additional 87,300 shares during the last quarter. Mark Asset Management LP bought a new stake in Zillow Group during the 2nd quarter worth about $4,524,000. Thrivent Financial for Lutherans grew its holdings in Zillow Group by 155.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 73,933 shares of the technology company’s stock worth $3,330,000 after acquiring an additional 44,959 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Zillow Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after acquiring an additional 421 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of analyst reports. Benchmark lifted their target price on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Barclays lifted their target price on shares of Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Zillow Group in a research note on Monday, August 5th. Citigroup lifted their target price on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, JMP Securities reduced their price objective on shares of Zillow Group from $68.00 to $62.00 and set a “market outperform” rating for the company in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.93.

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.