Zillow Group, Inc. (NASDAQ:ZG) Director Thielke Claire Cormier Sells 241 Shares

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) Director Thielke Claire Cormier sold 241 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $70.45, for a total value of $16,978.45. Following the sale, the director now directly owns 725 shares of the company's stock, valued at $51,076.25. This represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Zillow Group Stock Performance

ZG stock traded up $0.62 during midday trading on Monday, reaching $69.70. 277,812 shares of the company's stock traded hands, compared to its average volume of 557,329. The company has a 50-day moving average price of $65.97 and a two-hundred day moving average price of $70.97. Zillow Group, Inc. has a 52 week low of $40.30 and a 52 week high of $86.58. The firm has a market capitalization of $16.83 billion, a PE ratio of -148.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.11.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ZG shares. Keefe, Bruyette & Woods upgraded Zillow Group to a "hold" rating in a research note on Friday, March 28th. The Goldman Sachs Group cut their target price on Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. William Blair started coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating on the stock. Citigroup cut their target price on Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays cut their target price on Zillow Group from $64.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.80.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC increased its holdings in shares of Zillow Group by 13.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company's stock worth $84,000 after buying an additional 138 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after buying an additional 159 shares during the period. M&T Bank Corp increased its holdings in shares of Zillow Group by 4.1% in the first quarter. M&T Bank Corp now owns 5,437 shares of the technology company's stock worth $363,000 after buying an additional 215 shares during the period. National Bank of Canada FI increased its holdings 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 buying an additional 216 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in shares of Zillow Group by 0.3% in the first quarter. Baillie Gifford & Co. now owns 92,289 shares of the technology company's stock worth $6,170,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 20.32% of the company's stock.

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.