Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock Sells 5,997 Shares

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CAO Jennifer Rock sold 5,997 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the transaction, the chief accounting officer now owns 58,320 shares in the company, valued at $3,969,259.20. This trade represents a 9.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, February 12th, Jennifer Rock sold 5,796 shares of Zillow Group stock. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00.

Zillow Group Price Performance

Shares of NASDAQ ZG traded up $0.15 during trading on Thursday, hitting $67.40. The stock had a trading volume of 360,400 shares, compared to its average volume of 561,717. The company has a market capitalization of $16.35 billion, a PE ratio of -143.41, a PEG ratio of 8.90 and a beta of 2.22. The firm has a fifty day moving average of $66.06 and a two-hundred day moving average of $71.36. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Zillow Group's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. On average, equities analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZG has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $88.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Cantor Fitzgerald boosted their target price on shares of Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Evercore ISI boosted their target price on shares of Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group lowered their price objective on shares of Zillow Group from $86.00 to $76.00 and set a "hold" rating on the stock in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.80.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently added to or reduced their stakes in ZG. Norges Bank purchased a new stake in shares of Zillow Group in the fourth quarter worth about $165,326,000. Arrowstreet Capital Limited Partnership grew its position in Zillow Group by 1,261.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock valued at $18,454,000 after acquiring an additional 241,331 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after purchasing an additional 211,482 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Zillow Group in the fourth quarter worth approximately $14,916,000. Finally, Sone Capital Management LLC bought a new stake in Zillow Group in the fourth quarter valued at $11,185,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

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.