Zillow Group, Inc. (NASDAQ:ZG) Insider Dan Spaulding Sells 4,565 Shares

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 4,565 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the sale, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This represents a 7.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Zillow Group Stock Up 0.3 %

ZG opened at $80.89 on Wednesday. The business has a 50 day simple moving average of $65.89 and a 200-day simple moving average of $54.52. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $83.67. The stock has a market capitalization of $18.89 billion, a P/E ratio of -141.91 and a beta of 2.08. 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 posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share 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 net margin of 6.17% and a negative return on equity of 2.33%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS. On average, equities analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently modified their holdings of ZG. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the third quarter valued at approximately $29,000. Signaturefd LLC raised its position in shares of Zillow Group by 29.7% during 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. GAMMA Investing LLC lifted its stake in Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new stake in Zillow Group during the 3rd quarter valued at $95,000. Finally, Maryland State Retirement & Pension System purchased a new position in Zillow Group during the second quarter worth $202,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on ZG shares. Royal Bank of Canada boosted their price target on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price target on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday. Craig Hallum boosted their price objective on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JMP Securities raised their target price on shares of Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $73.00 price target (up previously from $62.00) on shares of Zillow Group in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.94.

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.