Bradley D. Owens Sells 1,608 Shares of Zillow Group (NASDAQ:ZG) Stock

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 company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $81.46, for a total transaction of $130,987.68. Following the transaction, the general counsel owned 45,607 shares of the company's stock, valued at $3,715,146.22. This trade represents a 3.41% 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 Price Performance

Shares of NASDAQ ZG traded down $2.43 during mid-day trading on Wednesday, hitting $77.58. 336,424 shares of the stock traded hands, compared to its average volume of 542,306. The company has a market cap of $18.80 billion, a PE ratio of -298.38, a price-to-earnings-growth ratio of 15.07 and a beta of 2.07. Zillow Group, Inc. has a twelve month low of $51.16 and a twelve month high of $86.58. The firm has a 50 day simple moving average of $74.12 and a two-hundred day simple moving average of $70.88.

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

Analyst Ratings Changes

Several equities research analysts recently commented on ZG shares. The Goldman Sachs Group cut their target price on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. DA Davidson raised their price target 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. Evercore ISI lifted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Wells Fargo & Company boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Benchmark decreased their price objective on Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Thirteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $85.62.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently modified their holdings of the company. National Bank of Canada FI increased its position in shares of Zillow Group by 79.4% during 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. Salem Investment Counselors Inc. bought a new stake in Zillow Group during the first quarter valued at $42,000. CX Institutional acquired a new stake in Zillow Group during the 1st quarter worth about $46,000. Wood Tarver Financial Group LLC bought a new position in shares of Zillow Group in the 4th quarter worth about $70,000. Finally, PNC Financial Services Group Inc. lifted its stake 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 during the period. 20.32% of the stock is owned by 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.