Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) insider Dan Spaulding sold 2,056 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $37.93, for a total transaction of $77,984.08. Following the completion of the sale, the insider directly owned 52,774 shares of the company’s stock, valued at approximately $2,001,717.82. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Dan Spaulding also recently made the following trade(s):
- On Monday, May 18th, Dan Spaulding sold 3,078 shares of Zillow Group stock. The shares were sold at an average price of $37.40, for a total transaction of $115,117.20.
- On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The shares were sold at an average price of $43.95, for a total transaction of $235,615.95.
Zillow Group Stock Down 1.2%
Shares of Zillow Group stock traded down $0.45 during mid-day trading on Monday, hitting $37.61. The stock had a trading volume of 1,697,655 shares, compared to its average volume of 1,113,151. The firm has a 50-day moving average of $42.99 and a two-hundred day moving average of $56.42. Zillow Group, Inc. has a 12-month low of $37.26 and a 12-month high of $90.22. The firm has a market cap of $8.61 billion, a P/E ratio of 150.44, a price-to-earnings-growth ratio of 1.78 and a beta of 2.04.
Hedge Funds Weigh In On Zillow Group
Hedge funds have recently made changes to their positions in the stock. Aberdeen Group plc purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $2,529,000. Y Intercept Hong Kong Ltd purchased a new position in Zillow Group in the 3rd quarter valued at approximately $1,443,000. Tabor Asset Management LP purchased a new position in Zillow Group in the 3rd quarter valued at approximately $2,428,000. M&T Bank Corp boosted its position in Zillow Group by 38,344.0% in the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after buying an additional 1,600,097 shares during the period. Finally, Emmett Investment Management LP purchased a new position in Zillow Group in the 3rd quarter valued at approximately $2,860,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.
Wall Street Analyst Weigh In
ZG has been the subject of several analyst reports. Mizuho dropped their price target on shares of Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Barclays dropped their price target on shares of Zillow Group from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Benchmark reaffirmed a “buy” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Zillow Group in a research report on Tuesday, April 28th. Finally, Evercore reaffirmed an “outperform” rating on shares of Zillow Group in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.24.
Check Out Our Latest Stock Analysis on ZG
About Zillow Group
Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.
Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.
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