Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CEO Sells 9,136 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 9,136 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.22, for a total value of $668,937.92. Following the sale, the chief executive officer now owns 152,542 shares of the company’s stock, valued at $11,169,125.24. The trade was a 5.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 13th, Jeremy Wacksman sold 5,985 shares of Zillow Group stock. The stock was sold at an average price of $73.96, for a total transaction of $442,650.60.

Zillow Group Price Performance

ZG opened at $70.73 on Monday. The stock’s 50-day moving average price is $61.58 and its 200 day moving average price is $51.66. Zillow Group, Inc. has a 12-month low of $36.38 and a 12-month high of $73.89. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of -124.09 and a beta of 2.02. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

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

Analyst Ratings Changes

ZG has been the topic of several research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $47.00 price target on shares of Zillow Group in a research note on Monday, October 7th. Craig Hallum raised their target price on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Susquehanna upped their price target on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. The Goldman Sachs Group increased their price target on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $73.00 target price (up from $62.00) on shares of Zillow Group in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $67.17.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently modified their holdings of ZG. Future Financial Wealth Managment LLC acquired a new stake in Zillow Group in the third quarter valued at approximately $29,000. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group in the 1st quarter valued at $53,000. Signaturefd LLC lifted its position in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares during the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new position in shares of Zillow Group during the third quarter worth $95,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Company Profile

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.