Bradley D. Owens Sells 1,846 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) General Counsel Bradley D. Owens sold 1,846 shares of Zillow Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.03, for a total transaction of $134,813.38. Following the completion of the transaction, the general counsel now directly owns 29,893 shares in the company, valued at $2,183,085.79. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Zillow Group Trading Down 1.8 %

Shares of Zillow Group stock traded down $1.27 during trading on Friday, hitting $70.73. The company's stock had a trading volume of 594,758 shares, compared to its average volume of 626,221. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 52 week low of $36.38 and a 52 week high of $73.89. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of -124.09 and a beta of 2.02. The stock has a 50-day moving average price of $61.20 and a two-hundred day moving average price of $51.33.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) earnings per share. Equities research analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after purchasing an additional 360 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Zillow Group by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company's stock valued at $210,000 after purchasing an additional 421 shares during the period. Creative Planning raised its holdings in shares of Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company's stock valued at $405,000 after purchasing an additional 439 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group during the third quarter valued at about $29,000. Finally, Wedmont Private Capital raised its holdings in shares of Zillow Group by 4.2% during the second quarter. Wedmont Private Capital now owns 12,483 shares of the technology company's stock valued at $610,000 after purchasing an additional 504 shares during the period. Institutional investors and hedge funds own 20.32% of the company's stock.

Wall Street Analyst Weigh In

ZG has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Susquehanna lifted their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday. Canaccord Genuity Group lifted their price objective on shares of Zillow Group from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Craig Hallum boosted their target price on shares of Zillow Group from $55.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Benchmark boosted their target price on shares of Zillow Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $67.17.

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.

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