Zillow Group, Inc. (NASDAQ:ZG) CAO Sells $408,155.82 in Stock

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.06, for a total value of $408,155.82. Following the completion of the sale, the chief accounting officer now directly owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, May 14th, Jennifer Rock sold 2,842 shares of Zillow Group stock. The stock was sold at an average price of $68.66, for a total transaction of $195,131.72.
• On Wednesday, February 12th, Jennifer Rock sold 5,796 shares of Zillow Group stock. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00.

Zillow Group Stock Up 2.3%

Shares of Zillow Group stock traded up $1.54 on Friday, hitting $68.76. The company's stock had a trading volume of 475,465 shares, compared to its average volume of 562,811. The company has a market capitalization of $16.68 billion, a P/E ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 52-week low of $38.40 and a 52-week high of $86.58. The firm has a fifty day moving average price of $66.00 and a 200-day moving average price of $71.61.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Benchmark lowered their price target on Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Baird R W raised Zillow Group to a "hold" rating in a research report on Friday, January 31st. William Blair began coverage on Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. Evercore ISI upped their price target on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Citigroup decreased their price target on Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and an average target price of $81.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after purchasing an additional 20,238 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Zillow Group by 28.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after buying an additional 5,539 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Zillow Group during the fourth quarter worth about $234,000. Blue Trust Inc. raised its position in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares during the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $47,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.