Zillow Group (NASDAQ:ZG) Director Thielke Claire Cormier Sells 1,187 Shares

Zillow Group, Inc. (NASDAQ:ZGGet Free Report) Director Thielke Claire Cormier sold 1,187 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $33.09, for a total value of $39,277.83. Following the completion of the sale, the director owned 3,562 shares in the company, valued at $117,866.58. This trade represents a 24.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Stock Performance

ZG traded down $0.77 during trading on Wednesday, reaching $33.49. The stock had a trading volume of 1,196,101 shares, compared to its average volume of 1,201,729. The stock has a market cap of $7.66 billion, a PE ratio of 152.23, a PEG ratio of 1.46 and a beta of 1.95. The business has a 50-day moving average of $33.07 and a 200-day moving average of $40.93. Zillow Group, Inc. has a one year low of $29.03 and a one year high of $90.22.

Zillow Group (NASDAQ:ZGGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The business had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s revenue was up 17.9% on a year-over-year basis. Equities research analysts forecast that Zillow Group, Inc. will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the stock. Technology Crossover Management XI Ltd. bought a new stake in shares of Zillow Group in the 2nd quarter worth approximately $73,694,895,000. Norges Bank purchased a new position in Zillow Group during the fourth quarter valued at $152,050,000. M&T Bank Corp boosted its holdings in Zillow Group by 38,344.0% in the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after acquiring an additional 1,600,097 shares in the last quarter. UBS Group AG grew its stake in shares of Zillow Group by 44.5% in the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after acquiring an additional 313,643 shares during the last quarter. Finally, Tiger Global Management LLC grew its stake in shares of Zillow Group by 30.7% in the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock worth $69,849,000 after acquiring an additional 240,690 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZG has been the topic of several recent analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of Zillow Group in a research note on Thursday, June 11th. Canaccord Genuity Group cut their price target on shares of Zillow Group from $52.00 to $40.00 and set a “hold” rating on the stock in a report on Thursday, August 6th. Royal Bank Of Canada decreased their price objective on shares of Zillow Group from $70.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Mizuho dropped their target price on shares of Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, Cantor Fitzgerald cut their target price on Zillow Group from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.29.

Check Out Our Latest Research Report on ZG

About Zillow Group

(Get Free Report)

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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