Jennifer Rock Sells 3,033 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock sold 3,033 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now owns 57,166 shares of the company’s stock, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $73.05, for a total transaction of $600,836.25.
• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The stock was sold at an average price of $74.00, for a total value of $235,838.00.

Zillow Group Stock Performance

ZG traded down $0.35 during mid-day trading on Monday, hitting $78.93. The stock had a trading volume of 242,341 shares, compared to its average volume of 614,025. The stock’s fifty day simple moving average is $67.11 and its 200-day simple moving average is $55.57. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $83.67. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

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. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Sell-side analysts anticipate that Zillow Group, Inc. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZG. Barclays lifted their price objective on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Piper Sandler lifted their price target on Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a report on Friday. JMP Securities increased their price objective on shares of Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $72.12.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in shares of Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after purchasing an additional 32,766 shares during the period. State Street Corp grew its holdings in shares of Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after buying an additional 2,832 shares in the last quarter. 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 buying an additional 35,503 shares during the last quarter. Selkirk Management LLC lifted its stake in Zillow Group by 37.4% in the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after acquiring an additional 87,300 shares in the last quarter. Finally, US Bancorp DE boosted 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 acquiring 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.