Jeremy Wacksman Sells 3,799 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZGGet Rating) COO Jeremy Wacksman sold 3,799 shares of Zillow Group stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $35.00, for a total transaction of $132,965.00. Following the completion of the sale, the chief operating officer now owns 65,159 shares of the company’s stock, valued at approximately $2,280,565. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jeremy Wacksman also recently made the following trade(s):

  • On Wednesday, November 23rd, Jeremy Wacksman sold 4,603 shares of Zillow Group stock. The stock was sold at an average price of $35.27, for a total transaction of $162,347.81.
  • On Wednesday, November 16th, Jeremy Wacksman sold 5,619 shares of Zillow Group stock. The stock was sold at an average price of $36.78, for a total transaction of $206,666.82.

Zillow Group Price Performance

Shares of Zillow Group stock traded up $0.96 during trading on Thursday, reaching $35.04. 410,607 shares of the company traded hands, compared to its average volume of 774,401. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 0.36. Zillow Group, Inc. has a 1-year low of $26.21 and a 1-year high of $65.16. The company has a 50 day moving average price of $31.50 and a 200-day moving average price of $34.44.

Zillow Group (NASDAQ:ZGGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The technology company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.08. Zillow Group had a negative net margin of 3.01% and a negative return on equity of 3.16%. The firm had revenue of $483.00 million for the quarter, compared to the consensus estimate of $455.98 million. On average, analysts anticipate that Zillow Group, Inc. will post -0.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZG. National Bank of Canada FI raised its holdings in Zillow Group by 199.5% during the second quarter. National Bank of Canada FI now owns 743,127 shares of the technology company’s stock worth $23,639,000 after buying an additional 495,010 shares during the last quarter. Federated Hermes Inc. acquired a new position in Zillow Group during the second quarter worth $13,493,000. Global Endowment Management LP raised its holdings in Zillow Group by 3,170.9% during the first quarter. Global Endowment Management LP now owns 356,010 shares of the technology company’s stock worth $17,170,000 after buying an additional 345,126 shares during the last quarter. BlackRock Inc. raised its holdings in Zillow Group by 16.0% during the third quarter. BlackRock Inc. now owns 2,489,506 shares of the technology company’s stock worth $71,275,000 after buying an additional 343,693 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its holdings in Zillow Group by 683.1% during the second quarter. Worldquant Millennium Advisors LLC now owns 280,851 shares of the technology company’s stock worth $8,934,000 after buying an additional 244,988 shares during the last quarter. Institutional investors and hedge funds own 19.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ZG shares. Stifel Nicolaus dropped their target price on shares of Zillow Group from $40.00 to $37.00 in a research report on Monday, August 8th. DA Davidson dropped their target price on shares of Zillow Group from $78.00 to $53.00 in a research report on Monday, September 12th. Barclays dropped their target price on shares of Zillow Group from $28.00 to $24.00 and set an “underweight” rating for the company in a research report on Thursday, November 3rd. Canaccord Genuity Group cut shares of Zillow Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $48.00 to $34.00 in a research report on Thursday, November 3rd. Finally, Piper Sandler decreased their price target on shares of Zillow Group from $39.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Hold” and an average price target of $44.76.

About Zillow Group

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Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

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

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