Thielke Claire Cormier Sells 1,187 Shares of Zillow Group (NASDAQ:ZG) Stock

Key Points

• Zillow Group director Claire Thielke Cormier sold 1,187 shares for approximately $42,388 at an average price of $35.71 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 33.32% to 2,375 shares.
• Zillow shares traded at $35.32, while the company’s latest quarterly results exceeded expectations: earnings were $0.52 per share versus a $0.44 consensus, and revenue rose 17.9% year over year to $772 million.
• Analysts maintain a consensus “Hold” rating with a $53.14 price target, despite mixed revisions; institutional investors own 20.32% of the company.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) Director Claire Thielke sold 1,187 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total value of $42,387.77. Following the sale, the director owned 2,375 shares of the company's stock, valued at approximately $84,811.25. This represents a 33.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Thielke sold 1,187 shares of Zillow Group stock. The shares were sold at an average price of $33.09, for a total transaction of $39,277.83.

Zillow Group Price Performance

Shares of NASDAQ ZG traded down $0.72 during mid-day trading on Friday, reaching $35.32. 549,163 shares of the company's stock traded hands, compared to its average volume of 1,171,442. The stock has a market cap of $7.94 billion, a P/E ratio of 160.55, a PEG ratio of 1.54 and a beta of 1.97. The business has a 50-day simple moving average of $34.07 and a 200 day simple moving average of $38.27. Zillow Group, Inc. has a 1-year low of $29.03 and a 1-year high of $90.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The company had revenue of $772.00 million for the quarter, compared to analyst estimates of $758.25 million. During the same quarter in the prior year, the business posted $0.40 EPS. The firm's revenue was up 17.9% compared to the same quarter last year. Equities research analysts anticipate that Zillow Group, Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZG has been the topic of a number of research analyst reports. Citigroup cut their target price on Zillow Group from $68.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. BTIG Research reissued a "neutral" rating on shares of Zillow Group in a research report on Thursday, June 11th. KeyCorp restated an "overweight" rating and issued a $48.00 price objective on shares of Zillow Group in a research note on Tuesday, August 25th. Citizens Jmp decreased their price objective on shares of Zillow Group from $75.00 to $46.00 and set a "market outperform" rating for the company in a report on Friday, August 7th. Finally, Susquehanna reduced their target price on shares of Zillow Group from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $53.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arax Advisory Partners boosted its holdings in Zillow Group by 402.3% in the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company's stock worth $30,000 after buying an additional 354 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of Zillow Group in the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Zillow Group by 183.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company's stock valued at $41,000 after purchasing an additional 637 shares during the period. Fifth Third Bancorp raised its stake in shares of Zillow Group by 990.3% during the 1st quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company's stock valued at $42,000 after purchasing an additional 921 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Zillow Group during the 4th quarter worth about $47,000. Institutional investors own 20.32% of the company's stock.

About Zillow Group

Zillow Group NASDAQ: ZG is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow's core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.

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