Zillow Group, Inc. (NASDAQ:ZG) Insider Sells $273,282.12 in Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Susan Daimler also recently made the following trade(s):

• On Tuesday, September 10th, Susan Daimler sold 3,484 shares of Zillow Group stock. The stock was sold at an average price of $54.18, for a total transaction of $188,763.12.

Zillow Group Stock Performance

ZG stock opened at $70.73 on Monday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a 50-day simple moving average of $61.58 and a 200 day simple moving average of $51.66. Zillow Group, Inc. has a fifty-two week low of $36.38 and a fifty-two week high of $73.89.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Edgestream Partners L.P. raised its stake 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 worth $992,000 after purchasing an additional 12,116 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zillow Group during the 1st quarter worth about $1,597,000. Russell Investments Group Ltd. raised its stake in shares of Zillow Group by 148.6% during the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after purchasing an additional 19,087 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Zillow Group by 24.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock worth $2,233,000 after purchasing an additional 9,828 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Zillow Group by 169.9% during the 1st quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock worth $1,186,000 after purchasing an additional 15,594 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZG. Susquehanna boosted their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Royal Bank of Canada lifted their price target on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Benchmark lifted their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Craig Hallum boosted their target price on shares of Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, DA Davidson boosted their target price on shares of Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.17.

Zillow Group Company Profile

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.