Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) COO Sells $751,000.00 in Stock

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total value of $751,000.00. Following the completion of the transaction, the chief operating officer now owns 88,130 shares of the company’s stock, valued at $6,618,563. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Zillow Group Price Performance

ZG stock opened at $80.79 on Friday. The company’s 50 day moving average is $63.67 and its 200 day moving average is $52.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $81.74.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $555.45 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zillow Group in the 1st quarter valued at $1,597,000. L & S Advisors Inc purchased a new stake in Zillow Group during the third quarter valued at about $1,579,000. Russell Investments Group Ltd. increased its holdings in shares of Zillow Group by 148.6% in the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after buying an additional 19,087 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Zillow Group by 24.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock worth $2,233,000 after buying an additional 9,828 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of Zillow Group by 169.9% in the 1st quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock valued at $1,186,000 after acquiring an additional 15,594 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group increased their price target 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. JMP Securities increased their target price on shares of Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research report on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Zillow Group in a report on Monday, October 7th. Barclays increased their price objective on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. 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 research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.18.

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.