Zillow Group (NASDAQ:ZG) General Counsel Bradley Owens Sells 2,246 Shares

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley Owens sold 2,246 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $37.93, for a total value of $85,190.78. Following the completion of the sale, the general counsel directly owned 68,609 shares of the company’s stock, valued at approximately $2,602,339.37. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Stock Performance

Zillow Group stock traded up $0.20 during mid-day trading on Friday, reaching $38.06. 1,220,694 shares of the company were exchanged, compared to its average volume of 1,106,949. Zillow Group, Inc. has a twelve month low of $37.26 and a twelve month high of $90.22. The firm’s 50-day simple moving average is $43.15 and its two-hundred day simple moving average is $56.67. The firm has a market cap of $8.71 billion, a PE ratio of 152.24, a price-to-earnings-growth ratio of 1.82 and a beta of 2.04.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The company had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.17 million. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.82 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ZG. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Zillow Group in a research report on Tuesday, April 28th. UBS Group decreased their price objective on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Canaccord Genuity Group decreased their price objective on Zillow Group from $72.00 to $52.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Benchmark reaffirmed a “buy” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Finally, Robert W. Baird decreased their price objective on Zillow Group from $67.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has given a Sell 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 $71.24.

Institutional Trading of Zillow Group

Several hedge funds have recently modified their holdings of the business. DoubleLine ETF Adviser LP lifted its holdings in shares of Zillow Group by 4.9% in the 3rd quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock valued at $239,000 after buying an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zillow Group by 4.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock valued at $256,000 after buying an additional 156 shares during the period. Signaturefd LLC lifted its holdings in shares of Zillow Group by 10.4% in the 4th quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock valued at $117,000 after buying an additional 161 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of 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 buying an additional 187 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Zillow Group by 23.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after buying an additional 194 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

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.