Zillow Group, Inc. (NASDAQ:ZG) CEO Sells $442,650.60 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 5,985 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.96, for a total value of $442,650.60. Following the transaction, the chief executive officer now directly owns 161,678 shares of the company’s stock, valued at approximately $11,957,704.88. The trade was a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 15th, Jeremy Wacksman sold 9,136 shares of Zillow Group stock. The stock was sold at an average price of $73.22, for a total value of $668,937.92.

Zillow Group Stock Down 1.8 %

ZG stock traded down $1.27 during mid-day trading on Friday, reaching $70.73. The company had a trading volume of 594,758 shares, compared to its average volume of 626,221. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a market capitalization of $16.37 billion, a price-to-earnings ratio of -124.09 and a beta of 2.02. The firm has a fifty day simple moving average of $61.20 and a 200 day simple moving average of $51.33. Zillow Group, Inc. has a fifty-two week low of $36.38 and a fifty-two week high of $73.89.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (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 analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.12) EPS. Analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZG has been the subject of several recent research reports. Citigroup increased their price objective on Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. JMP Securities upped their target price on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. DA Davidson upped their target price on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Piper Sandler restated an “overweight” rating and issued a $73.00 target price (up from $62.00) on shares of Zillow Group in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $67.17.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of ZG. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group during the 3rd quarter worth about $29,000. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group during the 1st quarter worth about $53,000. Signaturefd LLC raised its position in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after acquiring an additional 561 shares in the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new position in Zillow Group during the 3rd quarter worth approximately $95,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.