Dan Spaulding Sells 5,680 Shares of Zillow Group (NASDAQ:ZG) Stock

Key Points

• Dan Spaulding, a Zillow Group insider, sold 5,680 shares at an average price of $85.22, totaling approximately $484,049.60, which reduced his ownership by 8.70%.
• Zillow Group reported a $0.40 EPS for the last quarter, missing analysts' estimates by $0.04, while revenues were up 14.5% year-over-year at $655.00 million.
• The stock currently holds an average rating of "Hold" from analysts, with a consensus price target of $85.62 after several target price adjustments from different firms.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) insider Dan Spaulding sold 5,680 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $85.22, for a total transaction of $484,049.60. Following the sale, the insider directly owned 59,616 shares in the company, valued at $5,080,475.52. This trade represents a 8.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Dan Spaulding also recently made the following trade(s):

• On Wednesday, August 13th, Dan Spaulding sold 3,593 shares of Zillow Group stock. The shares were sold at an average price of $81.49, for a total transaction of $292,793.57.
• On Thursday, August 7th, Dan Spaulding sold 100,000 shares of Zillow Group stock. The shares were sold at an average price of $85.91, for a total transaction of $8,591,000.00.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $2.15 on Wednesday, hitting $77.86. 44,734 shares of the company's stock traded hands, compared to its average volume of 555,580. Zillow Group, Inc. has a one year low of $51.16 and a one year high of $86.58. The company has a fifty day moving average of $73.97 and a two-hundred day moving average of $70.83. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of -299.31, a price-to-earnings-growth ratio of 15.22 and a beta of 2.07.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $655.00 million for the quarter, compared to the consensus estimate of $647.06 million. Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. Equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently added to or reduced their stakes in ZG. Franklin Resources Inc. lifted its position in Zillow Group by 42.1% in the 4th quarter. Franklin Resources Inc. now owns 4,739 shares of the technology company's stock valued at $336,000 after acquiring an additional 1,405 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Zillow Group by 13.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,137 shares of the technology company's stock valued at $364,000 after purchasing an additional 600 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Zillow Group by 97.8% in the fourth quarter. Renaissance Technologies LLC now owns 62,100 shares of the technology company's stock valued at $4,400,000 after purchasing an additional 30,700 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Zillow Group in the fourth quarter valued at approximately $14,916,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Zillow Group by 57.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,825 shares of the technology company's stock valued at $200,000 after purchasing an additional 1,032 shares in the last quarter. Institutional investors own 20.32% of the company's stock.

Wall Street Analysts Forecast Growth

ZG has been the topic of several research analyst reports. Zelman & Associates raised shares of Zillow Group to a "hold" rating in a research note on Friday, August 8th. Wedbush reissued an "outperform" rating and set a $90.00 price objective (down previously from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th. Canaccord Genuity Group increased their price objective on shares of Zillow Group from $76.00 to $84.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. KeyCorp reissued an "overweight" rating and set a $92.00 price objective (up previously from $90.00) on shares of Zillow Group in a research report on Thursday, August 7th. Finally, Barclays reiterated an "underweight" rating and issued a $66.00 price target (up previously from $60.00) on shares of Zillow Group in a report on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $85.62.

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.