Susan Daimler Sells 3,694 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the sale, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. This trade represents a 16.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Susan Daimler also recently made the following trade(s):

• On Tuesday, September 10th, Susan Daimler sold 3,484 shares of Zillow Group stock. The stock was sold at an average price of $54.18, for a total transaction of $188,763.12.

Zillow Group Stock Down 1.8 %

Shares of ZG stock traded down $1.27 during trading hours on Friday, reaching $70.73. 594,758 shares of the stock were exchanged, compared to its average volume of 626,221. The business's fifty day moving average is $61.20 and its two-hundred day moving average is $51.33. 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 12-month low of $36.38 and a 12-month high of $73.89. The firm has a market capitalization of $16.37 billion, a P/E ratio of -124.09 and a beta of 2.02.

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

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the third quarter valued at approximately $29,000. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group in the first quarter valued at approximately $53,000. Signaturefd LLC boosted its holdings in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after acquiring an additional 360 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock worth $75,000 after purchasing an additional 561 shares during the period. Finally, Pinpoint Asset Management Ltd acquired a new stake in shares of Zillow Group during the third quarter worth $95,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZG has been the topic of several recent research reports. Piper Sandler reaffirmed an "overweight" rating and set a $73.00 target price (up previously from $62.00) on shares of Zillow Group in a research note on Thursday, November 7th. Craig Hallum boosted their price target on shares of Zillow Group from $55.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Benchmark boosted their price target on shares of Zillow Group from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada boosted their price target on shares of Zillow Group from $66.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $67.17.

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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