Zillow Group (NASDAQ:ZG) CAO Jennifer Rock Sells 3,110 Shares

Key Points

• Jennifer Rock, the Chief Accounting Officer of Zillow Group, sold 3,110 shares of stock for $253,402.80 on August 13, which represents a 6.18% decrease in her ownership of the company.
• Zillow Group reported an earnings per share (EPS) of $0.40 for the last quarter, missing estimates by $0.04, but its revenue rose by 14.5% year-over-year to $655 million.
• Recent trading activity saw Zillow Group's stock price decline by 0.2% to $81.36, while the average analyst consensus rate the stock as a "Hold" with a price target of $85.62.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CAO Jennifer Rock sold 3,110 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $81.48, for a total transaction of $253,402.80. Following the transaction, the chief accounting officer owned 47,191 shares in the company, valued at approximately $3,845,122.68. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, August 7th, Jennifer Rock sold 5,177 shares of Zillow Group stock. The stock was sold at an average price of $82.69, for a total transaction of $428,086.13.

Zillow Group Trading Down 3.0%

Shares of ZG traded down $2.43 on Wednesday, reaching $77.58. 336,424 shares of the company's stock were exchanged, compared to its average volume of 542,306. The business has a 50 day moving average price of $74.12 and a two-hundred day moving average price of $70.88. Zillow Group, Inc. has a 12 month low of $51.16 and a 12 month high of $86.58. The stock has a market capitalization of $18.80 billion, a P/E ratio of -298.38, a price-to-earnings-growth ratio of 15.07 and a beta of 2.07.

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

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently bought and sold shares of the company. National Bank of Canada FI lifted its position in shares of Zillow Group by 79.4% in the first quarter. National Bank of Canada FI now owns 488 shares of the technology company's stock worth $33,000 after purchasing an additional 216 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Zillow Group in the first quarter valued at about $42,000. CX Institutional acquired a new position in Zillow Group during the first quarter valued at approximately $46,000. Wood Tarver Financial Group LLC bought a new position in Zillow Group in the fourth quarter valued at approximately $70,000. Finally, PNC Financial Services Group Inc. increased 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 last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ZG shares. KeyCorp reiterated an "overweight" rating and issued a $92.00 price objective (up previously from $90.00) on shares of Zillow Group in a report on Thursday, August 7th. Barclays reaffirmed an "underweight" rating and issued a $66.00 price target (up from $60.00) on shares of Zillow Group in a research note on Thursday, August 7th. Susquehanna reaffirmed a "neutral" rating on shares of Zillow Group in a research note on Friday, August 8th. Wedbush restated an "outperform" rating and set a $90.00 target price (down from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lifted 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, August 7th. Thirteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zillow Group has an average rating of "Hold" and a consensus price target of $85.62.

Zillow Group Company Profile

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.