David A. Beitel Sells 56,750 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the sale, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Stock Performance

Zillow Group stock opened at $70.73 on Friday. Zillow Group, Inc. has a fifty-two week low of $36.38 and a fifty-two week high of $73.89. The firm’s 50 day simple moving average is $61.58 and its 200-day simple moving average is $51.59. 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 P/E ratio of -124.09 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data 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. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations 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 previous year, the company posted ($0.12) EPS. As a group, equities research analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in Zillow Group during the 3rd quarter valued at about $29,000. EntryPoint Capital LLC purchased a new position in Zillow Group during the first quarter valued at approximately $53,000. Signaturefd LLC increased its stake in 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 buying an additional 360 shares during the period. GAMMA Investing LLC lifted its position in Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after buying an additional 561 shares in the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new stake in shares of Zillow Group during the 3rd quarter valued at $95,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZG has been the topic of a number of research analyst reports. Susquehanna raised their price target on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. JMP Securities upped their price target on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. Barclays raised their price objective on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Craig Hallum upped their target price on Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One equities 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.