Insider Selling: Zillow Group, Inc. (NASDAQ:Z) Insider Sells 2,854 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Zillow Group Trading Down 1.6 %

NASDAQ Z opened at $70.35 on Friday. The company has a fifty day simple moving average of $77.47 and a 200 day simple moving average of $72.86. The company has a market cap of $17.06 billion, a P/E ratio of -149.68, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Wedbush restated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.00.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after buying an additional 3,272,118 shares during the period. Groupama Asset Managment purchased a new position in Zillow Group during the 3rd quarter valued at about $83,005,000. Caxton Associates LP bought a new stake in shares of Zillow Group during the fourth quarter valued at about $51,835,000. Castle Hook Partners LP purchased a new stake in shares of Zillow Group in the fourth quarter worth about $49,887,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Zillow Group in the third quarter valued at approximately $38,310,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.