Zillow Group (NASDAQ:ZG) Insider Dan Spaulding Sells 5,361 Shares

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 5,361 shares of Zillow Group stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total transaction of $235,615.95. Following the completion of the transaction, the insider directly owned 41,080 shares in the company, valued at $1,805,466. This trade represents a 11.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, February 12th, Dan Spaulding sold 3,901 shares of Zillow Group stock. The stock was sold at an average price of $44.19, for a total value of $172,385.19.

Zillow Group Stock Performance

Shares of ZG stock opened at $43.99 on Wednesday. Zillow Group, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $90.22. The stock’s fifty day moving average price is $63.70 and its two-hundred day moving average price is $71.27. The company has a market cap 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 posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million for the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.Zillow Group’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. On average, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Zillow Group during the second quarter worth approximately $159,770,000. M&T Bank Corp boosted its holdings in Zillow Group by 38,344.0% during the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after acquiring an additional 1,600,097 shares during the last quarter. UBS Group AG grew its stake in Zillow Group by 44.5% in the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after purchasing an additional 313,643 shares during the period. Tiger Global Management LLC boosted its holdings in shares of Zillow Group by 30.7% in the 4th quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock worth $69,849,000 after buying an additional 240,690 shares during the last quarter. Finally, Virtu Financial LLC grew its position in Zillow Group by 271.9% during the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock valued at $21,864,000 after buying an additional 214,743 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

More Zillow Group News

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Senior insiders still retain meaningful stakes after the sales (CEO Jeremy Wacksman ~116k shares, CFO Jeremy Hofmann ~65k, director/insider Dan Spaulding ~41k), which supports continued alignment with shareholders. CEO Form 4
• Neutral Sentiment: All trades were disclosed in routine SEC Form 4 filings; there’s no company announcement tying the sales to corporate events or financial guidance changes. Insider Form 4
• Negative Sentiment: CEO Jeremy Wacksman sold a combined 18,390 shares across Feb. 12 and Feb. 17 at roughly $44.20 average, generating ~ $813.5k in proceeds and reducing his reported ownership (see filings). Executive-level selling at scale can be interpreted as a signal that weighs on sentiment. CEO Form 4
• Negative Sentiment: CFO Jeremy Hofmann sold 5,538 shares on Feb. 12 at an average of $44.22 (~$244.9k), trimming his stake by ~7.8% to ~65.3k shares — another senior-level sale that may pressure sentiment. CFO Form 4
• Negative Sentiment: Director/insider Dan Spaulding sold 9,262 shares across Feb. 12 and Feb. 17 at ~ $44.07 average (~$408.0k), reducing his holding to ~41.1k shares — further insider selling from the leadership team. Insider Form 4

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald decreased their price target on shares of Zillow Group from $68.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Robert W. Baird set a $67.00 target price on shares of Zillow Group in a research report on Wednesday, February 11th. Citizens Jmp lowered their price target on shares of Zillow Group from $90.00 to $85.00 and set a “market outperform” rating for the company in a report on Monday, January 12th. Citigroup dropped their price target on Zillow Group from $100.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group reduced their price objective on Zillow Group from $78.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Fourteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.05.

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.