Dan Spaulding Sells 3,901 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 3,901 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $44.19, for a total value of $172,385.19. Following the transaction, the insider directly owned 46,441 shares in the company, valued at approximately $2,052,227.79. This represents a 7.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dan Spaulding also recently made the following trade(s):

• On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The shares were sold at an average price of $43.95, for a total transaction of $235,615.95.

Zillow Group Stock Up 1.6%

ZG stock traded up $0.69 during midday trading on Tuesday, reaching $43.99. The company had a trading volume of 2,704,201 shares, compared to its average volume of 1,133,974. Zillow Group, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $90.22. The stock has a 50 day moving average price of $64.26 and a 200 day moving average price of $71.51. The firm has a market capitalization of $10.65 billion, a PE ratio of 488.83, a P/E/G ratio of 3.21 and a beta of 2.04.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The firm had revenue of $654.00 million for the quarter, compared to analyst estimates of $650.40 million. During the same period last year, the firm posted $0.27 EPS. The business’s revenue was up 18.1% compared to the same quarter last year. Research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ZG. JPMorgan Chase & Co. boosted their price objective on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. DA Davidson set a $75.00 price target on shares of Zillow Group in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Robert W. Baird set a $67.00 target price on Zillow Group in a report on Wednesday, February 11th. Finally, Wells Fargo & Company lowered their target price on shares of Zillow Group from $73.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. Fourteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.05.

Institutional Trading of Zillow Group

Several hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Zillow Group by 78.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after purchasing an additional 187 shares during the last quarter. Arax Advisory Partners lifted its stake in shares of Zillow Group by 402.3% in the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after purchasing an additional 354 shares during the period. First Command Advisory Services Inc. acquired a new position in shares of Zillow Group during the 4th quarter worth about $34,000. Kestra Advisory Services LLC bought a new stake in Zillow Group in the fourth quarter valued at approximately $47,000. Finally, Quarry LP acquired a new stake in Zillow Group during the 4th quarter worth $56,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.