Errol G. Samuelson Sells 17,000 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 17,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the completion of the sale, the insider now owns 22,739 shares of the company’s stock, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Stock Up 1.9 %

NASDAQ ZG opened at $80.79 on Friday. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $81.74. 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 stock has a market cap of $18.87 billion, a PE ratio of -141.74 and a beta of 2.02. The firm has a 50-day simple moving average of $63.21 and a 200 day simple moving average of $52.46.

Zillow Group (NASDAQ:ZG) last announced 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 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 firm earned ($0.12) EPS. On average, research analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price objective 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. Royal Bank of Canada upped their price target on Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JMP Securities raised their price objective on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. DA Davidson upped their target price on Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Evercore ISI lifted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.18.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently made changes to their positions in ZG. Signaturefd LLC raised its holdings in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after acquiring an additional 421 shares during the period. Creative Planning raised its stake in Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after acquiring an additional 439 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $29,000. Finally, Wedmont Private Capital grew its holdings in shares of Zillow Group by 4.2% in the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock worth $610,000 after purchasing an additional 504 shares during the last quarter. 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.