Zillow Group, Inc. (NASDAQ:ZG) CTO Sells $157,443.75 in Stock

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 2,025 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares in the company, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Zillow Group Trading Up 2.0 %

Shares of NASDAQ ZG opened at $76.89 on Friday. The stock’s 50-day moving average is $75.58 and its two-hundred day moving average is $65.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group in the 4th quarter valued at about $27,000. Blue Trust Inc. increased its holdings in shares of Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. Asset Dedication LLC purchased a new position in shares of Zillow Group in the 4th quarter valued at about $47,000. Assetmark Inc. increased its holdings in shares of Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after acquiring an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZG. DA Davidson upped their price target on Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. Craig Hallum upped their price target on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Piper Sandler decreased their price target on Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday. Benchmark upped their price target on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird initiated coverage on Zillow Group in a research note on Friday, January 31st. They set a “neutral” rating and a $88.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

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.