Jun Choo Sells 2,969 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Key Points

• Jun Choo, the COO of Zillow Group, sold 2,969 shares of the company at an average price of $81.46, resulting in a total transaction of approximately $241,855, thus decreasing his position by 2.54%.
• Zillow's recent earnings report revealed $0.40 earnings per share, which was below the estimate of $0.44, despite a year-over-year revenue increase of 14.5% to $655 million.
• Analysts' price targets for Zillow Group show mixed sentiments, with Piper Sandler raising their target to $94.00, while Goldman Sachs lowered theirs to $69.00, reflecting varying outlooks on the stock's future performance.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) COO Jun Choo sold 2,969 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $81.46, for a total transaction of $241,854.74. Following the completion of the sale, the chief operating officer owned 114,129 shares of the company's stock, valued at approximately $9,296,948.34. The trade was a 2.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jun Choo also recently made the following trade(s):

• On Thursday, August 7th, Jun Choo sold 45,710 shares of Zillow Group stock. The shares were sold at an average price of $85.21, for a total transaction of $3,894,949.10.

Zillow Group Stock Down 0.2%

Shares of NASDAQ:ZG traded down $0.17 during trading on Friday, hitting $81.36. The stock had a trading volume of 395,396 shares, compared to its average volume of 560,621. Zillow Group, Inc. has a 12-month low of $50.65 and a 12-month high of $86.58. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of -312.92, a price-to-earnings-growth ratio of 13.20 and a beta of 2.07. The stock has a 50-day simple moving average of $73.31 and a two-hundred day simple moving average of $70.89.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $655.00 million for the quarter, compared to analysts' expectations 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 was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

ZG has been the topic of several recent research reports. Piper Sandler upped their price objective on shares of Zillow Group from $82.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. The Goldman Sachs Group dropped their price objective on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Benchmark lowered their price target on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Zelman & Associates raised shares of Zillow Group to a "hold" rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Zillow Group from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Zillow Group currently has an average rating of "Hold" and a consensus price target of $85.62.

Institutional Trading of Zillow Group

Several large investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings 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 buying an additional 1,405 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Zillow Group by 13.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,137 shares of the technology company's stock valued at $364,000 after buying an additional 600 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Zillow Group by 97.8% in the 4th quarter. Renaissance Technologies LLC now owns 62,100 shares of the technology company's stock valued at $4,400,000 after buying an additional 30,700 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Zillow Group in the 4th quarter valued at $14,916,000. Finally, Sterling Capital Management LLC grew its holdings in Zillow Group by 57.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the technology company's stock valued at $200,000 after buying an additional 1,032 shares in the last quarter. 20.32% of the stock is currently 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.

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