Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman Sells 9,136 Shares

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 9,136 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.22, for a total value of $668,937.92. Following the transaction, the chief executive officer now owns 152,542 shares of the company’s stock, valued at approximately $11,169,125.24. This represents a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Wednesday, November 13th, Jeremy Wacksman sold 5,985 shares of Zillow Group stock. The shares were sold at an average price of $73.96, for a total transaction of $442,650.60.

Zillow Group Stock Down 1.8 %

Shares of NASDAQ 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 has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $61.58 and a two-hundred day moving average of $51.59.

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

Analyst Ratings Changes

ZG has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $73.00 price target (up from $62.00) on shares of Zillow Group in a research note on Thursday, November 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th. DA Davidson raised their price target on Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Benchmark boosted their price objective on Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, JMP Securities raised their target price on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares during the last quarter. State Street Corp increased its holdings in shares of Zillow Group by 0.4% in the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after acquiring an additional 2,832 shares during the period. Dimensional Fund Advisors LP raised its position in Zillow Group by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after purchasing an additional 35,503 shares during the last quarter. Selkirk Management LLC boosted its stake in Zillow Group by 37.4% during the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after purchasing an additional 87,300 shares during the period. Finally, US Bancorp DE grew its position in Zillow Group by 6.5% during the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 18,136 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.