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 Zillow Group stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $90.12, for a total transaction of $326,324.52. Following the transaction, the director owned 483 shares of the company's stock, valued at $43,527.96. This represents a 88.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Zillow Group Stock Down 1.6%

ZG stock traded down $1.34 during mid-day trading on Wednesday, reaching $82.51. 530,713 shares of the company traded hands, compared to its average volume of 505,149. The firm's 50 day moving average price is $78.39 and its 200 day moving average price is $71.20. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of -317.35, a P/E/G ratio of 8.79 and a beta of 2.02. Zillow Group, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $88.45.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $655.00 million during the quarter, compared to analysts' expectations 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 for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. On average, analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently modified their holdings of ZG. Northern Trust Corp increased its holdings in shares of Zillow Group by 2.5% in the 4th quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock worth $17,505,000 after purchasing an additional 6,088 shares in the last quarter. Centiva Capital LP bought a new position in Zillow Group during the 4th quarter valued at about $278,000. Cetera Investment Advisers purchased a new stake in shares of Zillow Group during the 4th quarter valued at about $228,000. Graham Capital Management L.P. bought a new stake in shares of Zillow Group in the fourth quarter worth approximately $1,530,000. Finally, Maven Securities LTD grew its stake in shares of Zillow Group by 79.5% in the fourth quarter. Maven Securities LTD now owns 25,839 shares of the technology company's stock worth $1,831,000 after acquiring an additional 11,446 shares during the period. Hedge funds and other institutional investors own 20.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ZG. Royal Bank Of Canada boosted their target price on Zillow Group from $88.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Barclays restated an "underweight" rating and issued a $66.00 price objective (up previously from $60.00) on shares of Zillow Group in a research note on Thursday, August 7th. KeyCorp reiterated an "overweight" rating and set a $92.00 target price (up from $90.00) on shares of Zillow Group in a research note on Thursday, August 7th. Piper Sandler increased their price target on shares of Zillow Group from $82.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, DA Davidson raised their price objective on shares of Zillow Group from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Zillow Group has a consensus rating of "Hold" and an average price target of $85.62.

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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