Zillow Group (NASDAQ:ZG) Director April Underwood Sells 3,621 Shares

Key Points

• Zillow Group Director April Underwood sold 3,621 shares of the company's stock for a total of $326,324.52, resulting in an 88.23% decrease in her ownership.
• Zillow Group's stock traded down 1.6%, reaching $82.51, with a market cap of $19.99 billion and notable fluctuations over the past year.
• The company's latest earnings report showed a missed earnings per share estimate, reporting $0.40 EPS against a consensus of $0.44, but revenue increased by 14.5% year-over-year.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) Director April Underwood sold 3,621 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $90.12, for a total value of $326,324.52. Following the sale, the director owned 483 shares in the company, valued at approximately $43,527.96. The trade was a 88.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

April Underwood also recently made the following trade(s):

• On Thursday, August 7th, April Underwood sold 595 shares of Zillow Group stock. The stock was sold at an average price of $86.01, for a total value of $51,175.95.

Zillow Group Price Performance

NASDAQ ZG traded down $0.64 on Monday, hitting $83.70. 452,855 shares of the company were exchanged, compared to its average volume of 508,858. The company's 50 day moving average price is $79.24 and its 200-day moving average price is $71.37. The firm has a market capitalization of $20.28 billion, a P/E ratio of -321.92, a price-to-earnings-growth ratio of 23.49 and a beta of 2.02. Zillow Group, Inc. has a twelve month low of $55.08 and a twelve month high of $88.45.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ZG shares. KeyCorp reiterated an "overweight" rating and issued a $92.00 target price (up previously from $90.00) on shares of Zillow Group in a report on Thursday, August 7th. Wells Fargo & Company dropped their target price on Zillow Group from $75.00 to $73.00 and set an "equal weight" rating on the stock in a report on Thursday. Barclays restated an "underweight" rating and issued a $66.00 price objective (up previously from $60.00) on shares of Zillow Group in a report on Thursday, August 7th. Susquehanna restated a "neutral" rating on shares of Zillow Group in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on Zillow Group from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Thirteen research 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $85.52.

Institutional Investors Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI boosted its position 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 purchasing an additional 216 shares during the period. Salem Investment Counselors Inc. bought a new stake in Zillow Group during the first quarter worth approximately $42,000. CX Institutional bought a new stake in Zillow Group during the first quarter worth approximately $46,000. Wood Tarver Financial Group LLC bought a new stake in Zillow Group during the fourth quarter worth approximately $70,000. Finally, PNC Financial Services Group Inc. boosted 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 purchasing an additional 280 shares during the period. Institutional investors own 20.32% of the company's stock.

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.