Zillow Group (NASDAQ:ZG) Insider Sells $588,267.00 in Stock

Key Points

• Insider Errol G. Samuelson sold 7,218 shares of Zillow Group at an average price of $81.50, totaling $588,267, which represents a 5.32% decrease in their ownership of the stock.
• Zillow Group reported $0.40 earnings per share (EPS) for the last quarter, missing analyst estimates of $0.44, while quarterly revenue increased 14.5% year-over-year.
• Analysts have mixed ratings on Zillow Group, with one sell rating, eleven holds, and thirteen buy ratings, and an average price target of $85.62.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) insider Errol G. Samuelson sold 7,218 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $81.50, for a total value of $588,267.00. Following the sale, the insider owned 128,456 shares in the company, valued at approximately $10,469,164. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Zillow Group Price Performance

Shares of ZG traded down $2.15 on Wednesday, reaching $77.86. 44,734 shares of the stock traded hands, compared to its average volume of 555,580. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of -299.31, a P/E/G ratio of 15.22 and a beta of 2.07. The stock's 50-day moving average price is $73.97 and its 200-day moving average price is $70.83. Zillow Group, Inc. has a 12 month low of $51.16 and a 12 month high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced 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 business had revenue of $655.00 million during the quarter, compared to the consensus estimate of $647.06 million. Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZG has been the topic of several analyst reports. The Goldman Sachs Group lowered their price objective on Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Zelman & Associates raised shares of Zillow Group to a "hold" rating in a report on Friday, August 8th. KeyCorp reaffirmed an "overweight" rating and set a $92.00 price objective (up from $90.00) on shares of Zillow Group in a research note on Thursday, August 7th. DA Davidson upped their price objective on shares of Zillow Group from $85.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Barclays restated an "underweight" rating and set a $66.00 price target (up from $60.00) on shares of Zillow Group in a research report on Thursday, August 7th. Thirteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $85.62.

Institutional Trading of Zillow Group

Several hedge funds have recently modified their holdings of the stock. Winslow Asset Management Inc. grew its stake in shares of Zillow Group by 18.2% during the second quarter. Winslow Asset Management Inc. now owns 7,475 shares of the technology company's stock valued at $512,000 after purchasing an additional 1,150 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Zillow Group in the 2nd quarter valued at $252,000. Headlands Technologies LLC bought a new position in Zillow Group in the 2nd quarter valued at $893,000. Corient Private Wealth LLC bought a new position in Zillow Group in the 2nd quarter valued at $263,000. Finally, Two Sigma Securities LLC bought a new position in Zillow Group in the 2nd quarter valued at $451,000. 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.