Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens Sells 1,846 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 1,846 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.03, for a total transaction of $134,813.38. Following the transaction, the general counsel now owns 29,893 shares of the company’s stock, valued at $2,183,085.79. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Performance

ZG stock opened at $70.73 on Friday. Zillow Group, Inc. has a one year low of $36.38 and a one year high of $73.89. The firm’s 50 day moving average price is $61.58 and its 200-day moving average price is $51.59. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) earnings per share. As a group, equities research analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZG. Piper Sandler reissued an “overweight” rating and set a $73.00 target price (up previously from $62.00) on shares of Zillow Group in a research note on Thursday, November 7th. Benchmark increased their target price on Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Canaccord Genuity Group raised their target price on Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Barclays boosted their price target on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, Susquehanna raised their price objective on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ZG. Cynosure Group LLC purchased a new position in shares of Zillow Group during the third quarter worth $12,248,000. Mirabella Financial Services LLP acquired a new position in Zillow Group during the 3rd quarter worth about $11,351,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Zillow Group during the 3rd quarter valued at about $9,813,000. CreativeOne Wealth LLC grew its position in Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after acquiring an additional 111,743 shares in the last quarter. Finally, Mark Asset Management LP purchased a new stake in Zillow Group during the second quarter worth about $4,524,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.