Bradley D. Owens Sells 1,212 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares in the company, valued at $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Zillow Group Trading Down 1.8 %

NASDAQ ZG traded down $1.27 on Friday, hitting $70.73. 594,758 shares of the company were exchanged, compared to its average volume of 626,221. Zillow Group, Inc. has a twelve month low of $36.38 and a twelve month high of $73.89. The company’s 50 day moving average price is $61.20 and its 200-day moving average price is $51.33. The firm has a market capitalization of $16.37 billion, a P/E ratio of -124.09 and a beta of 2.02. 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 released its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. Analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group during the third quarter worth approximately $29,000. EntryPoint Capital LLC bought a new position in Zillow Group during the first quarter worth $53,000. GAMMA Investing LLC raised its stake in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares during the last quarter. Pinpoint Asset Management Ltd bought a new stake in Zillow Group in the 3rd quarter valued at $95,000. Finally, Signaturefd LLC grew its position in Zillow Group by 29.7% in 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. 20.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ZG shares. Barclays increased their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Piper Sandler reissued an “overweight” rating and issued a $73.00 price target (up from $62.00) on shares of Zillow Group in a report on Thursday, November 7th. JMP Securities upped their price objective on Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a report on Thursday, November 7th. Craig Hallum increased their price objective on Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their target price on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. 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’s stock. According to MarketBeat, the company presently 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.