Bradley D. Owens Sells 1,212 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Zillow Group Stock Performance

Shares of NASDAQ:ZG opened at $70.73 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 12 month low of $36.38 and a 12 month high of $73.89. The company’s 50-day moving average price is $61.58 and its two-hundred day moving average price is $51.59.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) earnings per share. On average, sell-side analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays increased their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a report on Monday, October 7th. Susquehanna increased their target price on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, UBS Group boosted their price target on Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new position in Zillow Group during the 1st quarter valued at about $218,000. Russell Investments Group Ltd. lifted its holdings in Zillow Group by 148.6% in the first quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock valued at $1,528,000 after buying an additional 19,087 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Zillow Group by 9.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 73,972 shares of the technology company’s stock valued at $3,233,000 after acquiring an additional 6,211 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in Zillow Group during the 1st quarter worth $186,000. Finally, Edgestream Partners L.P. raised its position in shares of Zillow Group by 140.6% during the 1st quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock valued at $992,000 after acquiring an additional 12,116 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.