Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock Sells 5,997 Shares

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 5,997 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares of the company’s stock, valued at $3,969,259.20. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, February 12th, Jennifer Rock sold 5,796 shares of Zillow Group stock. The stock was sold at an average price of $75.50, for a total value of $437,598.00.

Zillow Group Stock Up 4.9%

NASDAQ:ZG opened at $70.08 on Tuesday. Zillow Group, Inc. has a 52 week low of $38.40 and a 52 week high of $86.58. The company has a market capitalization of $17.00 billion, a P/E ratio of -149.11, a P/E/G ratio of 8.90 and a beta of 2.22. The stock’s fifty day moving average is $66.25 and its two-hundred day moving average is $71.41.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The firm had revenue of $598.00 million during the quarter, compared to analysts’ expectations of $587.88 million. During the same quarter in the prior year, the firm posted $0.36 EPS. Zillow Group’s quarterly revenue was up 13.0% compared to the same quarter last year. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ZG shares. Barclays reduced their target price on Zillow Group from $64.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, May 8th. DA Davidson reduced their price objective on Zillow Group from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Piper Sandler raised their price objective on Zillow Group from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Bank of America raised their target price on Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company started coverage on Zillow Group in a report on Monday, April 28th. They set a “mixed” rating and a $62.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after purchasing an additional 20,238 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Zillow Group by 28.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock worth $1,753,000 after acquiring an additional 5,539 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Zillow Group by 136.3% in the 4th quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 13,255 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Zillow Group by 4.9% in the 4th quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company’s stock valued at $1,219,000 after purchasing an additional 801 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of Zillow Group by 57.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the technology company’s stock valued at $200,000 after purchasing an additional 1,032 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Company Profile

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.