Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel Sells 56,750 Shares

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares in the company, valued at $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Zillow Group Stock Down 1.8 %

Shares of NASDAQ:ZG opened at $70.73 on Friday. Zillow Group, Inc. has a 12 month low of $36.38 and a 12 month high of $73.89. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average price is $61.58 and its 200 day moving average price 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 analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

ZG has been the topic of several recent research reports. Evercore ISI upped their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays upped their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. DA Davidson increased their price objective on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Cantor Fitzgerald restated a “neutral” rating and set a $47.00 price target on shares of Zillow Group in a report on Monday, October 7th. Finally, Royal Bank of Canada increased their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.17.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new position in shares of Zillow Group during the third quarter worth approximately $29,000. EntryPoint Capital LLC acquired a new stake in Zillow Group during the 1st quarter worth $53,000. GAMMA Investing LLC boosted 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 worth $75,000 after purchasing an additional 561 shares during the period. Pinpoint Asset Management Ltd purchased a new stake in shares of Zillow Group in the third quarter valued at about $95,000. Finally, Signaturefd LLC boosted its stake in shares of 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 buying an additional 360 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.