Zillow Group (NASDAQ:ZG) General Counsel Bradley D. Owens Sells 3,014 Shares

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 company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $85.35, for a total transaction of $257,244.90. Following the completion of the sale, the general counsel owned 42,593 shares of the company's stock, valued at $3,635,312.55. This represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Zillow Group Trading Down 3.0%

NASDAQ ZG traded down $2.43 during trading on Wednesday, hitting $77.58. 336,424 shares of the company traded hands, compared to its average volume of 542,306. Zillow Group, Inc. has a 12 month low of $51.16 and a 12 month high of $86.58. The business has a fifty day simple moving average of $74.12 and a 200 day simple moving average of $70.88. The company has a market capitalization of $18.80 billion, a P/E ratio of -298.38, a PEG ratio of 15.07 and a beta of 2.07.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $655.00 million for the quarter, compared to the consensus estimate 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 was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. Equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Trading of Zillow Group

Hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI grew its position in Zillow Group by 79.4% in the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company's stock worth $33,000 after purchasing an additional 216 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Zillow Group during the first quarter valued at about $42,000. CX Institutional bought a new stake in shares of Zillow Group in the first quarter valued at 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. grew its position 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 buying an additional 280 shares in the last quarter. 20.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZG. Benchmark lowered their price target on Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. KeyCorp reaffirmed an "overweight" rating and set a $92.00 price objective (up from $90.00) on shares of Zillow Group in a report on Thursday, August 7th. Piper Sandler lifted their target price on shares of Zillow Group from $82.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Canaccord Genuity Group boosted their target price on shares of Zillow Group from $76.00 to $84.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Finally, Zelman & Associates upgraded shares of Zillow Group to a "hold" rating in a report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of "Hold" and an average price target 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.