Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) Director Sells 241 Shares of Stock

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

Zillow Group Price Performance

ZG traded up $0.70 during midday trading on Monday, reaching $69.78. 150,929 shares of the company's stock were exchanged, compared to its average volume of 556,852. Zillow Group, Inc. has a 1-year low of $40.30 and a 1-year high of $86.58. The stock has a market capitalization of $16.85 billion, a PE ratio of -148.48, a P/E/G ratio of 8.90 and a beta of 2.11. The business's 50-day moving average price is $65.77 and its 200 day moving average price is $71.06.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ZG. Barclays decreased their price objective on Zillow Group from $64.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, May 8th. Piper Sandler boosted their price target on Zillow Group from $80.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. William Blair began coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. UBS Group dropped their target price on Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Wedbush reaffirmed an "outperform" rating and set a $90.00 price target (down from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.80.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd purchased a new position in Zillow Group during the fourth quarter worth approximately $27,000. National Bank of Canada FI grew its position in Zillow Group by 79.4% during the first quarter. National Bank of Canada FI now owns 488 shares of the technology company's stock valued at $33,000 after acquiring an additional 216 shares during the period. Salem Investment Counselors Inc. purchased a new position in shares of Zillow Group in the 1st quarter worth about $42,000. CX Institutional acquired a new position in shares of Zillow Group in the 1st quarter valued at about $46,000. Finally, Assetmark Inc. grew its holdings in shares of Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after purchasing an additional 755 shares during the period. 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.