Zillow Group, Inc. (NASDAQ:Z) Insider Errol G. Samuelson Sells 6,967 Shares

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zillow Group Price Performance

Shares of NASDAQ Z traded up $0.61 during trading on Tuesday, hitting $80.58. The company had a trading volume of 2,013,912 shares, compared to its average volume of 2,932,471. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. 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 fifty day simple moving average of $78.60 and a two-hundred day simple moving average of $68.93. The firm has a market capitalization of $18.82 billion, a price-to-earnings ratio of -141.37, a price-to-earnings-growth ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (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%. On average, research analysts expect that Zillow Group, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on Z. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley upped their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group upped their target price on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. abrdn plc raised its stake in Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider's stock worth $3,128,000 after purchasing an additional 24,247 shares during the period. IVY Lane Capital Management LLC increased its holdings in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock worth $8,620,000 after buying an additional 35,000 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group during the 4th quarter valued at approximately $1,932,000. Thrivent Financial for Lutherans acquired a new position in Zillow Group in the third quarter valued at approximately $6,267,000. Finally, Friedenthal Financial acquired a new position in Zillow Group in the fourth quarter valued at approximately $754,000. Institutional investors and hedge funds own 71.01% of the company's stock.

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.