Zillow Group, Inc. (NASDAQ:ZG) Insider Errol G. Samuelson Sells 4,219 Shares

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Zillow Group Stock Down 3.5 %

Shares of ZG stock traded down $1.75 during midday trading on Thursday, reaching $47.86. 748,442 shares of the stock were exchanged, compared to its average volume of 723,076. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $59.23. The company’s 50 day moving average is $52.92 and its two-hundred day moving average is $47.74. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The firm has a market cap of $11.17 billion, a PE ratio of -72.75 and a beta of 1.85.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The firm had revenue of $474.00 million for the quarter, compared to the consensus estimate of $450.75 million. On average, equities research analysts predict that Zillow Group, Inc. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JMP Securities boosted their price objective on shares of Zillow Group from $60.00 to $68.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 14th. Benchmark boosted their price objective on shares of Zillow Group from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Susquehanna increased their target price on shares of Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada restated an “outperform” rating and set a $66.00 price target on shares of Zillow Group in a report on Tuesday, March 5th. Finally, Bank of America lowered Zillow Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $58.71.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. Norges Bank bought a new position in shares of Zillow Group during the 4th quarter valued at $59,032,000. Vanguard Group Inc. increased its stake in Zillow Group by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock worth $456,861,000 after buying an additional 1,730,731 shares in the last quarter. BlackRock Inc. grew its position in shares of Zillow Group by 16.0% during the third quarter. BlackRock Inc. now owns 2,489,506 shares of the technology company’s stock valued at $71,275,000 after purchasing an additional 343,693 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in shares of Zillow Group during the fourth quarter valued at about $10,502,000. Finally, Qube Research & Technologies Ltd grew its position in shares of Zillow Group by 50.5% during the third quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares in the last quarter. Hedge funds and other 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.