Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $209,312.36 in Stock

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Zillow Group Trading Down 1.5 %

Zillow Group stock traded down $1.01 during midday trading on Monday, hitting $66.19. 22,883 shares of the stock were exchanged, compared to its average volume of 573,334. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of -140.49, a PEG ratio of 8.90 and a beta of 2.33. The stock's 50-day simple moving average is $74.84 and its 200 day simple moving average is $70.68. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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Analysts Set New Price Targets

ZG has been the topic of a number of recent analyst reports. Robert W. Baird assumed 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. Stephens reiterated an "overweight" rating and set a $73.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Cantor Fitzgerald boosted their price target on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. JMP Securities increased their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Finally, KeyCorp dropped their target price on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $82.25.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently modified their holdings of ZG. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group in the 4th quarter valued at about $27,000. Blue Trust Inc. raised its stake in shares of Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $47,000. Assetmark Inc. boosted its position in shares of Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after purchasing an additional 755 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in 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 last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

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.