Zillow Group (NASDAQ:ZG) Reaches New 1-Year Low – Should You Sell?

Zillow Group, Inc. (NASDAQ:ZG)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $41.90 and last traded at $43.4080, with a volume of 141711 shares changing hands. The stock had previously closed at $42.81.

Analysts Set New Price Targets

ZG has been the topic of a number of recent research reports. Robert W. Baird set a $67.00 target price on Zillow Group in a research note on Wednesday, February 11th. Susquehanna set a $50.00 price objective on shares of Zillow Group in a report on Thursday, February 12th. DA Davidson set a $75.00 price objective on shares of Zillow Group in a research report on Thursday, February 12th. Barclays decreased their target price on shares of Zillow Group from $72.00 to $66.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Fourteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and an average target price of $78.05.

Zillow Group Stock Up 1.4%

The business has a 50-day simple moving average of $60.61 and a two-hundred day simple moving average of $69.85. The stock has a market capitalization of $11.05 billion, a P/E ratio of 511.38, a PEG ratio of 2.45 and a beta of 2.04.

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

Insider Activity

In other news, CEO Jeremy Wacksman sold 13,661 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the sale, the chief executive officer owned 116,322 shares of the company’s stock, valued at approximately $5,147,248.50. This trade represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO David A. Beitel sold 3,966 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total value of $175,376.52. Following the completion of the transaction, the chief technology officer directly owned 136,690 shares in the company, valued at $6,044,431.80. The trade was a 2.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 62,007 shares of company stock valued at $2,771,433. Corporate insiders own 17.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank bought a new position in Zillow Group in the 2nd quarter valued at $159,770,000. Independent Franchise Partners LLP lifted its stake in shares of Zillow Group by 1.1% during the fourth quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company’s stock valued at $138,135,000 after acquiring an additional 21,862 shares during the period. M&T Bank Corp boosted its holdings in Zillow Group by 38,344.0% in the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after acquiring an additional 1,600,097 shares during the last quarter. Tiger Global Management LLC increased its position in Zillow Group by 30.7% in the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock worth $69,849,000 after purchasing an additional 240,690 shares during the period. Finally, UBS Group AG increased its position in Zillow Group by 44.5% in the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after purchasing an additional 313,643 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Company Profile

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.