Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) General Counsel Sells $239,015.36 in Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 3,466 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.96, for a total transaction of $239,015.36. Following the completion of the transaction, the general counsel now directly owns 47,215 shares of the company’s stock, valued at approximately $3,255,946.40. This trade represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Zillow Group Stock Performance

Shares of NASDAQ ZG opened at $68.76 on Monday. Zillow Group, Inc. has a 1 year low of $38.40 and a 1 year high of $86.58. The firm’s 50 day moving average price is $66.00 and its 200 day moving average price is $71.70. The firm has a market cap of $16.68 billion, a P/E ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $587.88 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of Zillow Group to a “hold” rating in a report on Friday, March 28th. Citigroup dropped their target price on shares of Zillow Group from $98.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Bank of America increased their target price on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. DA Davidson dropped their price objective on shares of Zillow Group from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Stephens reissued an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,002,693 shares of the technology company’s stock valued at $468,200,000 after purchasing an additional 57,693 shares during the last quarter. Norges Bank acquired a new position in shares of Zillow Group in the 4th quarter valued at $165,326,000. Independent Franchise Partners LLP boosted its holdings in shares of Zillow Group by 1.8% in the 1st quarter. Independent Franchise Partners LLP now owns 2,060,399 shares of the technology company’s stock valued at $137,758,000 after purchasing an additional 36,046 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Zillow Group by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company’s stock valued at $31,578,000 after purchasing an additional 27,345 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Zillow Group by 101.3% in the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after purchasing an additional 211,482 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.