David A. Beitel Sells 3,179 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 3,179 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.97, for a total transaction of $235,150.63. Following the completion of the transaction, the chief technology officer now owns 165,015 shares of the company’s stock, valued at $12,206,159.55. This represents a 1.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zillow Group Stock Performance

Shares of ZG opened at $70.73 on Friday. Zillow Group, Inc. has a 1 year low of $36.38 and a 1 year high of $73.89. The company’s 50 day simple moving average is $61.58 and its 200 day simple moving average is $51.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG) last issued 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 return on equity of 2.33% and a negative net margin of 6.17%. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same period in the previous year, the firm posted ($0.12) EPS. Zillow Group’s revenue was up 17.1% on a year-over-year basis. As a group, research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently added to or reduced their stakes in ZG. Signaturefd LLC increased its position in Zillow Group by 29.7% during the second 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. Vanguard Personalized Indexing Management LLC grew its stake in shares of Zillow Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after buying an additional 421 shares during the period. Creative Planning increased its holdings in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after buying an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Zillow Group in the 3rd quarter worth $29,000. Finally, Wedmont Private Capital boosted its holdings in Zillow Group by 4.2% in the second quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock valued at $610,000 after acquiring an additional 504 shares during the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JMP Securities upped their target price on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. Piper Sandler restated an “overweight” rating and issued a $73.00 price target (up previously from $62.00) on shares of Zillow Group in a report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

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.