Zillow Group (NASDAQ:ZG) Insider Errol Samuelson Sells 3,154 Shares

Zillow Group, Inc. (NASDAQ:ZGGet Free Report) insider Errol Samuelson sold 3,154 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $34.24, for a total transaction of $107,992.96. Following the transaction, the insider directly owned 130,885 shares of the company’s stock, valued at approximately $4,481,502.40. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Price Performance

NASDAQ ZG opened at $34.32 on Tuesday. The stock has a market capitalization of $7.85 billion, a PE ratio of 156.01, a PEG ratio of 1.53 and a beta of 1.95. Zillow Group, Inc. has a 1 year low of $29.03 and a 1 year high of $90.22. The business’s 50-day moving average is $33.02 and its 200 day moving average is $40.01.

Zillow Group (NASDAQ:ZGGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The business had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. During the same quarter in the prior year, the company posted $0.40 EPS. Zillow Group’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

ZG has been the subject of a number of recent analyst reports. Sanford C. Bernstein downgraded Zillow Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $50.00 to $38.00 in a report on Thursday, August 6th. Citigroup reduced their price objective on shares of Zillow Group from $68.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Wells Fargo & Company dropped their target price on shares of Zillow Group from $46.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. Finally, Zacks Research lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.29.

View Our Latest Research Report on Zillow Group

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arax Advisory Partners lifted its holdings in shares of Zillow Group by 402.3% during the fourth quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after purchasing an additional 354 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of Zillow Group in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its stake in shares of Zillow Group by 183.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock worth $41,000 after buying an additional 637 shares during the last quarter. Fifth Third Bancorp increased its position in Zillow Group by 990.3% during the 1st quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock valued at $42,000 after buying an additional 921 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Zillow Group during the 4th quarter valued at approximately $47,000. Institutional investors own 20.32% of the company’s stock.

More Zillow Group News

Here are the key news stories impacting Zillow Group this week:

  • Neutral Sentiment: CEO Jeremy Wacksman sold a combined 15,125 shares for approximately $517,320 across August 13 and August 17. Because the sales were planned and tax-related, they provide limited evidence of a change in his outlook on Zillow. CEO Form 4 filing
  • Neutral Sentiment: CFO Jeremy Hofmann sold 9,171 shares worth approximately $313,675 over the same two dates. He retained a substantial position, and the stated purpose was tax withholding rather than discretionary selling. CFO Form 4 filing
  • Negative Sentiment: Additional sales by Dan Spaulding, Errol G. Samuelson, Jennifer Rock and David A. Beitel totaled 11,077 shares and approximately $382,857. The breadth of selling across management and insiders may weigh on investor sentiment and add near-term supply, even though the transactions were tax-related and relatively small compared with their remaining holdings. Insider Form 4 filings

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.

See Also

Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:ZG)

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