Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $292,793.57 in Stock

Key Points

• Zillow Group insider Dan Spaulding sold 3,593 shares of stock on August 13, totaling $292,793.57, reducing his stake by 5.22% to 65,296 shares, valued at approximately $5.32 million.
• The company's stock price is currently at $81.36, down 0.2%, with a twelve-month low of $50.65 and a high of $86.58.
• Zillow reported earnings on August 6, with an EPS of $0.40, falling short of expectations, but revenue increased by 14.5% year-over-year, totaling $655 million.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) insider Dan Spaulding sold 3,593 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $81.49, for a total transaction of $292,793.57. Following the sale, the insider owned 65,296 shares of the company's stock, valued at approximately $5,320,971.04. This represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dan Spaulding also recently made the following trade(s):

• On Friday, August 15th, Dan Spaulding sold 5,680 shares of Zillow Group stock. The stock was sold at an average price of $85.22, for a total transaction of $484,049.60.
• On Thursday, August 7th, Dan Spaulding sold 100,000 shares of Zillow Group stock. The shares were sold at an average price of $85.91, for a total transaction of $8,591,000.00.

Zillow Group Stock Down 0.2%

Shares of NASDAQ ZG traded down $0.17 during trading on Friday, reaching $81.36. 395,396 shares of the stock were exchanged, compared to its average volume of 560,621. The business's 50-day moving average price is $73.31 and its 200 day moving average price is $70.89. Zillow Group, Inc. has a twelve month low of $50.65 and a twelve month high of $86.58. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of -312.92, a price-to-earnings-growth ratio of 13.20 and a beta of 2.07.

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 analysts' consensus estimates 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 firm had revenue of $655.00 million for the quarter, compared to analyst estimates of $647.06 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company's revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ZG. Benchmark reduced their price objective on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group reduced their price objective on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Zelman & Associates upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, August 8th. Wedbush reiterated an "outperform" rating and issued a $90.00 price objective (down previously from $100.00) on shares of Zillow Group in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Zillow Group from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $85.62.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Zillow Group by 38.0% in the first quarter. GAMMA Investing LLC now owns 1,828 shares of the technology company's stock worth $122,000 after buying an additional 503 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Zillow Group by 60.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,044 shares of the technology company's stock worth $404,000 after buying an additional 2,288 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Zillow Group by 253.3% in the first quarter. SG Americas Securities LLC now owns 20,980 shares of the technology company's stock worth $1,403,000 after buying an additional 15,042 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Zillow Group in the fourth quarter worth $228,000. Finally, Two Sigma Advisers LP increased its stake in shares of Zillow Group by 21.5% in the fourth quarter. Two Sigma Advisers LP now owns 14,090 shares of the technology company's stock worth $998,000 after buying an additional 2,490 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Company Profile

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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