Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $541,475.24 in Stock

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) insider Errol G. Samuelson sold 6,967 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares of the company's stock, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Zillow Group Stock Up 0.5 %

Shares of NASDAQ ZG traded up $0.41 during mid-day trading on Tuesday, reaching $77.30. The company had a trading volume of 788,859 shares, compared to its average volume of 554,702. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58. The stock has a market cap of $18.05 billion, a P/E ratio of -135.61, a PEG ratio of 15.65 and a beta of 2.09. The firm has a 50 day simple moving average of $75.51 and a two-hundred day simple moving average of $66.72.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Sell-side analysts predict that Zillow Group, Inc. will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently modified their holdings of ZG. Creative Planning increased its stake in Zillow Group by 7.2% in 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. Vontobel Holding Ltd. increased its position in Zillow Group by 4.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company's stock valued at $1,016,000 after acquiring an additional 750 shares during the period. Private Advisor Group LLC purchased a new stake in Zillow Group during the 3rd quarter valued at approximately $747,000. Avitas Wealth Management LLC acquired a new stake in Zillow Group during the 3rd quarter worth approximately $1,562,000. Finally, US Bancorp DE lifted its position in Zillow Group by 6.5% during the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company's stock worth $18,444,000 after acquiring an additional 18,136 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZG has been the topic of a number of recent research reports. Benchmark boosted their price target on shares of Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $88.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Susquehanna boosted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, UBS Group boosted their target price on Zillow Group from $90.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

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.