Thielke Claire Cormier Sells 1,187 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Claire Thielke sold 1,187 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total value of $42,387.77. Following the sale, the director directly owned 2,375 shares in the company, valued at approximately $84,811.25. This trade represents a 33.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Thielke sold 1,187 shares of Zillow Group stock. The stock was sold at an average price of $33.09, for a total value of $39,277.83.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $35.32 on Friday. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 160.55, a PEG ratio of 1.54 and a beta of 1.97. The firm’s 50 day simple moving average is $34.15 and its 200-day simple moving average is $38.25. Zillow Group, Inc. has a 12 month low of $29.03 and a 12 month high of $90.22.

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

Analyst Ratings Changes

A number of analysts have recently commented on ZG shares. Evercore set a $40.00 price objective on Zillow Group and gave the company an “in-line” rating in a research report on Thursday, August 6th. DA Davidson decreased their target price on Zillow Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. dropped their price target on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. BTIG Research reissued a “neutral” rating on shares of Zillow Group in a report on Thursday, June 11th. Finally, Susquehanna decreased their price objective on shares of Zillow Group from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of Zillow Group by 40.5% during the first quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock worth $862,000 after buying an additional 3,717 shares in the last quarter. Millennium Management LLC boosted its position in Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after acquiring an additional 152,955 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Zillow Group by 7.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock worth $5,878,000 after acquiring an additional 5,737 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Zillow Group by 5.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,093 shares of the technology company’s stock valued at $1,445,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Zillow Group by 16.3% during the 2nd quarter. Prudential Financial Inc. now owns 7,933 shares of the technology company’s stock valued at $543,000 after acquiring an additional 1,110 shares in the last quarter. Hedge funds and other institutional investors 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.