Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) Director Sells 965 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) Director Erik C. Blachford sold 965 shares of Zillow Group stock in a transaction on Monday, June 9th. The stock was sold at an average price of $70.35, for a total value of $67,887.75. Following the sale, the director now owns 35,474 shares in the company, valued at $2,495,595.90. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Zillow Group Stock Up 0.8%

Shares of ZG stock traded up $0.59 on Thursday, reaching $70.64. The company's stock had a trading volume of 350,643 shares, compared to its average volume of 562,098. The company has a market capitalization of $17.06 billion, a P/E ratio of -150.30, a PEG ratio of 8.90 and a beta of 2.11. Zillow Group, Inc. has a 12-month low of $40.30 and a 12-month high of $86.58. The stock's 50 day simple moving average is $65.43 and its 200-day simple moving average is $71.37.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $598.00 million during the quarter, compared to analysts' expectations of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The business's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. Research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group during the fourth quarter worth about $27,000. Blue Trust Inc. raised its holdings in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares in the last quarter. National Bank of Canada FI lifted its position 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 buying an additional 216 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Zillow Group in the 1st quarter worth approximately $42,000. Finally, CX Institutional purchased a new stake in Zillow Group in the first quarter worth approximately $46,000. 20.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Canaccord Genuity Group dropped their price objective on Zillow Group from $86.00 to $76.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Susquehanna boosted their target price on Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Evercore ISI increased their price target on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. William Blair began coverage on Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating for the company. Finally, Cantor Fitzgerald upped their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.80.

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.