Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) CTO David Beitel sold 1,798 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $34.24, for a total value of $61,563.52. Following the completion of the sale, the chief technology officer directly owned 133,013 shares of the company’s stock, valued at approximately $4,554,365.12. This represents a 1.33% decrease in their position. The sale was disclosed in a 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 Trading Up 6.1%
Shares of Zillow Group stock opened at $37.44 on Thursday. Zillow Group, Inc. has a 12-month low of $29.03 and a 12-month high of $90.22. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 170.19, a PEG ratio of 1.54 and a beta of 1.95. The firm’s 50 day simple moving average is $33.07 and its two-hundred day simple moving average is $39.60.
Zillow Group (NASDAQ:ZG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The firm had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $758.25 million. During the same period last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, sell-side analysts predict that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Research Report on ZG
Hedge Funds Weigh In On Zillow Group
A number of institutional investors and hedge funds have recently bought and sold shares of ZG. Technology Crossover Management XI Ltd. purchased a new position in Zillow Group in the second quarter worth approximately $73,694,895,000. Norges Bank purchased a new stake in Zillow Group in the fourth quarter valued at $152,050,000. M&T Bank Corp lifted its stake in shares of 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 purchasing an additional 1,600,097 shares during the last quarter. Kahn Brothers Group Inc. acquired a new position in shares of Zillow Group in the 2nd quarter valued at $37,265,000. Finally, UBS Group AG grew its holdings in shares of Zillow Group by 44.5% during the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after purchasing an additional 313,643 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Zillow Group
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.
