Errol G. Samuelson Sells 6,962 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 6,962 shares of Zillow Group stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.63, for a total value of $477,802.06. Following the completion of the transaction, the insider now owns 135,674 shares of the company’s stock, valued at $9,311,306.62. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Zillow Group Trading Up 2.3%

ZG opened at $68.76 on Monday. Zillow Group, Inc. has a twelve month low of $38.40 and a twelve month high of $86.58. The stock has a market cap of $16.68 billion, a PE ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The business’s 50 day moving average is $66.00 and its 200-day moving average is $71.70.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. During the same period in the previous year, the firm earned $0.36 EPS. Zillow Group’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

ZG has been the subject of a number of research reports. Canaccord Genuity Group decreased their price target on Zillow Group from $86.00 to $76.00 and set a “hold” rating for the company in a research note on Monday, May 5th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Cantor Fitzgerald lifted their target price on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Wells Fargo & Company started coverage on Zillow Group in a research note on Monday, April 28th. They issued a “mixed” rating and a $62.00 target price for the company. Finally, The Goldman Sachs Group decreased their target price on Zillow Group from $77.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $81.80.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. Vanguard Group Inc. grew its position in Zillow Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 7,002,693 shares of the technology company’s stock worth $468,200,000 after buying an additional 57,693 shares during the last quarter. Norges Bank acquired a new position in Zillow Group in the fourth quarter worth approximately $165,326,000. Independent Franchise Partners LLP grew its position in Zillow Group by 1.8% in the first quarter. Independent Franchise Partners LLP now owns 2,060,399 shares of the technology company’s stock worth $137,758,000 after buying an additional 36,046 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Zillow Group by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company’s stock worth $31,578,000 after buying an additional 27,345 shares during the last quarter. Finally, Virtu Financial LLC grew its position in Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after buying an additional 211,482 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.