Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CAO Jennifer Rock sold 5,796 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. The trade was a 10.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Jennifer Rock also recently made the following trade(s):
- On Friday, December 6th, Jennifer Rock sold 3,033 shares of Zillow Group stock. The stock was sold at an average price of $82.78, for a total value of $251,071.74.
Zillow Group Stock Performance
Shares of ZG stock traded up $0.41 during trading on Tuesday, reaching $77.30. 788,859 shares of the company's stock were exchanged, compared to its average volume of 554,702. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The firm's fifty day moving average price is $75.51 and its 200-day moving average price is $66.72. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $18.05 billion, a PE ratio of -135.61, a PEG ratio of 15.65 and a beta of 2.09.
Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current year.
Institutional Trading of Zillow Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group during the fourth quarter worth $27,000. Blue Trust Inc. grew its holdings in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC bought a new position in shares of Zillow Group in the 4th quarter worth about $47,000. Assetmark Inc. lifted its stake in shares of Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after purchasing an additional 755 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 20.32% of the company's stock.
Analyst Upgrades and Downgrades
ZG has been the subject of several research analyst reports. Cantor Fitzgerald upped their price target on shares of Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Benchmark increased their target price on Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. The Goldman Sachs Group lifted their price target on Zillow Group from $42.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Robert W. Baird started coverage on Zillow Group in a report on Friday, January 31st. They set a "neutral" rating and a $88.00 price objective for the company. Finally, Barclays upped their price target on Zillow Group from $36.00 to $50.00 and gave the stock an "underweight" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and an average price target of $83.00.
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About Zillow Group
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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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