Errol G. Samuelson Sells 17,000 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares in the company, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Zillow Group Stock Performance

Shares of ZG traded up $1.38 during trading hours on Friday, hitting $80.64. The company had a trading volume of 133,441 shares, compared to its average volume of 624,763. The business has a fifty day moving average of $63.21 and a 200-day moving average of $52.46. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of -138.47 and a beta of 2.02. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $80.77.

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

Institutional Trading of Zillow Group

Several institutional investors have recently added to or reduced their stakes in ZG. Future Financial Wealth Managment LLC bought a new stake in Zillow Group in the 3rd quarter valued at about $29,000. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group in the first quarter valued at approximately $53,000. GAMMA Investing LLC raised its position in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new stake in Zillow Group during the third quarter worth approximately $95,000. Finally, Signaturefd LLC increased its stake in 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 acquiring an additional 360 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Susquehanna raised their price target on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Benchmark raised their price target on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. UBS Group boosted their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their target price on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Citigroup raised their price target on shares of Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.18.

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.