Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) CAO Jennifer Rock sold 990 shares of Zillow Group stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $34.24, for a total value of $33,897.60. Following the sale, the chief accounting officer owned 58,752 shares in the company, valued at $2,011,668.48. This represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Zillow Group Stock Down 2.4%
Shares of Zillow Group stock traded down $0.84 on Monday, hitting $34.32. 1,454,360 shares of the company’s stock traded hands, compared to its average volume of 1,202,979. Zillow Group, Inc. has a 52-week low of $29.03 and a 52-week high of $90.22. The stock has a market cap of $7.72 billion, a P/E ratio of 156.01, a PEG ratio of 1.53 and a beta of 1.95. The firm’s 50-day moving average is $33.03 and its 200 day moving average is $40.23.
Zillow Group (NASDAQ:ZG – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities research analysts forecast that Zillow Group, Inc. will post 0.89 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Mizuho lowered their price objective on Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Canaccord Genuity Group reduced their price objective on Zillow Group from $52.00 to $40.00 and set a “hold” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada lowered their target price on shares of Zillow Group from $70.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. UBS Group reduced their price target on shares of Zillow Group from $75.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, DA Davidson lowered their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.29.
Get Our Latest Research Report on Zillow Group
Zillow Group Company Profile
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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