Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) CTO Sells 2,025 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 2,025 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now owns 151,046 shares of the company’s stock, valued at $11,743,826.50. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Stock Up 2.0 %

Shares of ZG stock opened at $76.89 on Friday. The stock’s 50 day simple moving average is $75.58 and its 200 day simple moving average is $66.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of -134.89, a PEG ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, research analysts predict that Zillow Group, Inc. will post -0.42 EPS for the current year.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC grew its holdings in Zillow Group by 2,728.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company’s stock valued at $6,858,000 after buying an additional 93,378 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Zillow Group by 2.5% during the 4th quarter. Northern Trust Corp now owns 247,078 shares of the technology company’s stock worth $17,505,000 after purchasing an additional 6,088 shares in the last quarter. Empire Financial Management Company LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth approximately $1,771,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Zillow Group by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,993 shares of the technology company’s stock worth $2,551,000 after purchasing an additional 2,673 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Zillow Group by 35.8% during the 4th quarter. Hsbc Holdings PLC now owns 6,454 shares of the technology company’s stock worth $457,000 after purchasing an additional 1,703 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZG. Piper Sandler reduced their price objective on Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. KeyCorp raised Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price objective for the company in a research note on Monday, February 3rd. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Benchmark increased their price objective on Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, UBS Group increased their price objective on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $83.00.

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.