Errol Samuelson Sells 3,154 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol Samuelson sold 3,154 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $34.24, for a total transaction of $107,992.96. Following the sale, the insider owned 130,885 shares in the company, valued at approximately $4,481,502.40. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Stock Down 2.4%

ZG stock traded down $0.84 during midday trading on Monday, reaching $34.32. The company had a trading volume of 1,454,360 shares, compared to its average volume of 1,202,979. The stock has a 50 day moving average price of $33.03 and a 200 day moving average price of $40.23. Zillow Group, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $90.22. The firm has a market capitalization of $7.72 billion, a PE ratio of 156.01, a P/E/G ratio of 1.53 and a beta of 1.95.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The business’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. Research analysts predict that Zillow Group, Inc. will post 0.89 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently bought and sold shares of the stock. Technology Crossover Management XI Ltd. bought a new stake in shares of Zillow Group during the 2nd quarter worth about $73,694,895,000. Norges Bank bought a new position in shares of Zillow Group in the fourth quarter valued at approximately $152,050,000. M&T Bank Corp increased its stake in shares of Zillow Group by 38,344.0% during 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 period. UBS Group AG increased its stake in shares of Zillow Group by 44.5% during the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after acquiring an additional 313,643 shares during the period. Finally, Tiger Global Management LLC raised its holdings in Zillow Group by 30.7% during 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 in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ZG shares. Citizens Jmp cut their target price on Zillow Group from $75.00 to $46.00 and set a “market outperform” rating on the stock in a research note on Friday, August 7th. Zacks Research cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Sanford C. Bernstein lowered shares of Zillow Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $50.00 to $38.00 in a research note on Thursday, August 6th. KeyCorp dropped their price target on shares of Zillow Group from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Finally, Mizuho reduced their price objective on Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zillow Group presently has an average rating of “Hold” and an average target price of $52.29.

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.