Errol G. Samuelson Sells 17,000 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 17,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now owns 22,739 shares in the company, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Zillow Group Stock Performance

ZG opened at $80.79 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of -141.74 and a beta of 2.02. The company has a fifty day moving average of $63.67 and a 200 day moving average of $52.80. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $81.74.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) earnings per share. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. DA Davidson boosted their price target on Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Susquehanna raised their price objective on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Craig Hallum increased their target price on Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group lifted their price target on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $68.18.

Institutional Trading of Zillow Group

A number of large investors have recently added to or reduced their stakes in ZG. Future Financial Wealth Managment LLC purchased a new position in shares of Zillow Group in the 3rd quarter worth $29,000. EntryPoint Capital LLC bought a new position in shares of Zillow Group in the 1st quarter valued at about $53,000. Signaturefd LLC grew its position in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. GAMMA Investing LLC increased its stake in Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after acquiring an additional 561 shares during the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new stake in Zillow Group during the third quarter valued at approximately $95,000. Institutional investors own 20.32% of the company’s stock.

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.