Zillow Group, Inc. (NASDAQ:ZG) CAO Jennifer Rock Sells 5,177 Shares

Key Points

• Zillow Group's CAO, Jennifer Rock, sold 5,177 shares at an average price of $82.69, resulting in a transaction worth approximately $428,086.
• Following the sale, Rock's ownership in the company decreased by 9.33%, leaving her with about 50,301 shares valued at roughly $4.16 million.
• Zillow Group reported a quarterly earnings miss with earnings per share of $0.40, falling short of the consensus estimate of $0.44, despite a 14.5% increase in revenue year-over-year.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CAO Jennifer Rock sold 5,177 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $82.69, for a total transaction of $428,086.13. Following the completion of the transaction, the chief accounting officer owned 50,301 shares in the company, valued at approximately $4,159,389.69. The trade was a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, May 14th, Jennifer Rock sold 2,842 shares of Zillow Group stock. The shares were sold at an average price of $68.66, for a total value of $195,131.72.

Zillow Group Trading Down 1.8%

Shares of ZG stock traded down $1.39 on Monday, reaching $76.12. The company's stock had a trading volume of 469,588 shares, compared to its average volume of 561,220. The stock's fifty day simple moving average is $72.45 and its 200-day simple moving average is $70.75. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of -292.77, a price-to-earnings-growth ratio of 12.59 and a beta of 2.07. Zillow Group, Inc. has a 1 year low of $48.70 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted 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). Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The company had revenue of $655.00 million for the quarter, compared to the consensus estimate of $647.06 million. During the same period in the prior year, the firm posted $0.39 EPS. The business's revenue was up 14.5% on a year-over-year basis. Equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Institutional Trading of Zillow Group

Several hedge funds have recently modified their holdings of the company. National Bank of Canada FI increased its holdings in Zillow Group by 79.4% in the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company's stock worth $33,000 after acquiring an additional 216 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in Zillow Group during the first quarter worth about $42,000. CX Institutional acquired a new position in Zillow Group in the first quarter valued at approximately $46,000. Wood Tarver Financial Group LLC purchased a new stake in Zillow Group in the 4th quarter valued at about $70,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Zillow Group by 33.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company's stock worth $75,000 after purchasing an additional 280 shares during the period. 20.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZG has been the subject of a number of recent research reports. Royal Bank Of Canada raised their price target on Zillow Group from $88.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday. Evercore ISI lifted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of Zillow Group from $93.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup reduced their price target on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group lowered their price target on Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Zillow Group currently has an average rating of "Moderate Buy" 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.

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