Zillow Group, Inc. (NASDAQ:ZG) Insider Sells 2,854 Shares

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 2,854 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This trade represents a 1.96 % 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 link.

Zillow Group Trading Down 1.8 %

Zillow Group stock opened at $68.80 on Friday. The stock has a 50-day moving average price of $74.99 and a two-hundred day moving average price of $70.35. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The company has a market capitalization of $16.69 billion, a PE ratio of -146.38, a P/E/G ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ZG. Stephens restated an “overweight” rating and issued a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Canaccord Genuity Group raised their price objective on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Piper Sandler reduced their target price on Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, JMP Securities boosted their price target on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

Institutional Trading of Zillow Group

Several institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new position in Zillow Group during the 4th quarter worth $266,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $70,000. AlphaCore Capital LLC bought a new position in shares of Zillow Group during the fourth quarter worth about $381,000. Vise Technologies Inc. lifted its stake in shares of Zillow Group by 91.5% in the fourth quarter. Vise Technologies Inc. now owns 7,677 shares of the technology company’s stock worth $544,000 after acquiring an additional 3,668 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Zillow Group by 31.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,175 shares of the technology company’s stock valued at $5,822,000 after acquiring an additional 19,891 shares during the last quarter. Institutional investors 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.