David A. Beitel Sells 2,025 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CTO David A. Beitel sold 2,025 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Zillow Group Price Performance

Shares of NASDAQ ZG traded up $0.41 during mid-day trading on Tuesday, reaching $77.30. The company's stock had a trading volume of 788,859 shares, compared to its average volume of 554,702. The stock has a market capitalization of $18.05 billion, a P/E ratio of -135.61, a P/E/G ratio of 15.65 and a beta of 2.09. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The stock has a 50-day moving average of $75.51 and a two-hundred day moving average of $66.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

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 net margin of 6.17% and a negative return on equity of 2.33%. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Zillow Group in the 4th quarter worth $165,326,000. Arrowstreet Capital Limited Partnership increased its position in Zillow Group by 1,261.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock worth $18,454,000 after purchasing an additional 241,331 shares during the last quarter. Virtu Financial LLC raised its stake in Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after purchasing an additional 211,482 shares during the period. Raymond James Financial Inc. acquired a new position in Zillow Group in the 4th quarter valued at about $14,916,000. Finally, Cynosure Group LLC acquired a new position in Zillow Group in the 3rd quarter valued at about $12,248,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Analyst Upgrades and Downgrades

ZG has been the subject of several recent research reports. Benchmark lifted their target price on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Stephens reaffirmed an "overweight" rating and issued a $73.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Bank of America increased their target price on shares of Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Craig Hallum lifted their price target on Zillow Group from $70.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird initiated coverage on Zillow Group in a research report on Friday, January 31st. They set a "neutral" rating and a $88.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Zillow Group presently 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.