Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens Sells 1,608 Shares

Key Points

• Bradley D. Owens, General Counsel of Zillow Group, sold 1,608 shares at an average price of $81.46, totaling approximately $130,988, which decreased his stake by 3.41%.
• Zillow Group's quarterly earnings report showed an EPS of $0.40, missing estimates by $0.04, though revenue increased by 14.5% year-over-year.
• Analysts have varied ratings for Zillow, with target prices ranging from $66.00 to $95.00, reflecting a consensus rating of "Hold" and an average target price of $85.62.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) General Counsel Bradley D. Owens sold 1,608 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $81.46, for a total value of $130,987.68. Following the transaction, the general counsel owned 45,607 shares in the company, valued at approximately $3,715,146.22. This represents a 3.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zillow Group Price Performance

Shares of NASDAQ:ZG traded down $0.17 during mid-day trading on Friday, reaching $81.36. 395,396 shares of the company were exchanged, compared to its average volume of 560,621. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of -312.92, a P/E/G ratio of 13.20 and a beta of 2.07. The firm's 50-day simple moving average is $73.31 and its 200 day simple moving average is $70.89. Zillow Group, Inc. has a 1 year low of $50.65 and a 1 year high of $86.58.

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

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in ZG. National Bank of Canada FI lifted its holdings in Zillow Group by 79.4% during 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 in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Zillow Group in the 1st quarter valued at $42,000. CX Institutional acquired a new stake in shares of Zillow Group in the 1st quarter valued at $46,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Zillow Group in the 4th quarter valued at $70,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Zillow Group by 33.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company's stock valued at $75,000 after purchasing an additional 280 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZG has been the topic of a number of research analyst reports. Piper Sandler upped their target price on Zillow Group from $82.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Barclays reiterated an "underweight" rating and set a $66.00 target price (up from $60.00) on shares of Zillow Group in a research note on Thursday, August 7th. DA Davidson boosted their target price on shares of Zillow Group from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on Zillow Group from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Benchmark cut their price target on Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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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