Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock Sells 3,187 Shares

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 3,187 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00. Following the transaction, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. The trade was a 4.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jennifer Rock also recently made the following trade(s):

• On Friday, November 15th, Jennifer Rock sold 8,225 shares of Zillow Group stock. The shares were sold at an average price of $73.05, for a total value of $600,836.25.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total transaction of $199,691.50.

Zillow Group Stock Down 1.8 %

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

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS. As a group, research analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new stake in Zillow Group in the first quarter worth about $218,000. Russell Investments Group Ltd. increased its stake in shares of Zillow Group by 148.6% during the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after purchasing an additional 19,087 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Zillow Group by 9.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 73,972 shares of the technology company’s stock worth $3,233,000 after purchasing an additional 6,211 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Zillow Group in the 1st quarter worth approximately $186,000. Finally, Edgestream Partners L.P. lifted its stake in Zillow Group by 140.6% in the first quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock valued at $992,000 after purchasing an additional 12,116 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Analyst Ratings Changes

ZG has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. DA Davidson lifted their target price on Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Benchmark boosted their price target on Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada raised their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Craig Hallum boosted their target price on shares of Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.17.

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.