Zillow Group, Inc. (NASDAQ:ZG) General Counsel Sells $257,244.90 in Stock

Key Points

• Zillow Group's General Counsel, Bradley D. Owens, sold 3,014 shares of stock worth $257,244.90, reducing his total ownership by 6.61%.
• The company's stock is currently valued at $81.36, with a market cap of $19.64 billion, and a mixed outlook from analysts, with a consensus rating of "Hold".
• In its latest earnings report, Zillow missed estimates with $0.40 EPS, although revenue increased by 14.5% year-over-year to $655 million.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) General Counsel Bradley D. Owens sold 3,014 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.35, for a total value of $257,244.90. Following the sale, the general counsel directly owned 42,593 shares of the company's stock, valued at $3,635,312.55. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Zillow Group Trading Down 0.2%

Shares of NASDAQ:ZG traded down $0.17 on Friday, hitting $81.36. The company had a trading volume of 395,396 shares, compared to its average volume of 560,621. The company has a market cap of $19.64 billion, a PE ratio of -312.92, a PEG ratio of 13.20 and a beta of 2.07. The business has a 50 day moving average of $73.31 and a 200 day moving average of $70.89. Zillow Group, Inc. has a 52-week low of $50.65 and a 52-week high of $86.58.

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

Analyst Ratings Changes

A number of brokerages recently commented on ZG. Evercore ISI raised their target price on Zillow Group from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Canaccord Genuity Group set a $84.00 price objective on Zillow Group and gave the stock a "hold" rating in a research report on Thursday, August 7th. Susquehanna reissued a "neutral" rating on shares of Zillow Group in a research report on Friday, August 8th. DA Davidson boosted their price objective on Zillow Group from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, William Blair started coverage on Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $85.62.

Hedge Funds Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI increased its stake 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 worth $33,000 after acquiring an additional 216 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in Zillow Group during the first quarter worth about $42,000. CX Institutional acquired a new stake in Zillow Group during the first quarter worth about $46,000. Wood Tarver Financial Group LLC acquired a new stake in Zillow Group during the fourth quarter worth about $70,000. Finally, PNC Financial Services Group Inc. increased its stake in Zillow Group by 33.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company's stock worth $75,000 after acquiring an additional 280 shares during the last quarter. 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.

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