Zillow Group, Inc. (NASDAQ:ZG) CFO Allen Parker Sells 9,514 Shares

Zillow Group, Inc. (NASDAQ:ZGGet Rating) CFO Allen Parker sold 9,514 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $36.78, for a total transaction of $349,924.92. Following the completion of the transaction, the chief financial officer now directly owns 170,968 shares of the company’s stock, valued at approximately $6,288,203.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Zillow Group Stock Performance

Shares of NASDAQ ZG opened at $34.81 on Friday. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 0.36. The firm’s 50 day simple moving average is $31.63 and its 200-day simple moving average is $34.56. Zillow Group, Inc. has a 12 month low of $26.21 and a 12 month high of $65.16.

Zillow Group (NASDAQ:ZGGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The technology company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.08. The company had revenue of $483.00 million for the quarter, compared to analyst estimates of $455.98 million. Zillow Group had a negative net margin of 3.01% and a negative return on equity of 3.16%. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Zillow Group by 103.2% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,114 shares of the technology company’s stock worth $587,000 after acquiring an additional 9,200 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Zillow Group by 11.7% in the first quarter. Commonwealth Equity Services LLC now owns 21,611 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 2,259 shares during the period. Coatue Management LLC increased its stake in shares of Zillow Group by 46.3% during the first quarter. Coatue Management LLC now owns 691,885 shares of the technology company’s stock worth $33,370,000 after purchasing an additional 219,006 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Zillow Group by 17.0% during the 2nd quarter. Wedbush Securities Inc. now owns 11,183 shares of the technology company’s stock worth $356,000 after purchasing an additional 1,625 shares during the last quarter. Finally, First Pacific Advisors LP lifted its stake in Zillow Group by 63.1% in the 1st quarter. First Pacific Advisors LP now owns 13,700 shares of the technology company’s stock valued at $661,000 after buying an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 19.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Piper Sandler decreased their target price on shares of Zillow Group from $39.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, August 5th. Canaccord Genuity Group cut Zillow Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $48.00 to $34.00 in a research report on Thursday, November 3rd. Truist Financial reduced their target price on Zillow Group from $37.00 to $34.00 in a research report on Monday, November 7th. Stifel Nicolaus decreased their price target on Zillow Group from $40.00 to $37.00 in a research note on Monday, August 8th. Finally, Compass Point assumed coverage on Zillow Group in a research note on Monday, September 19th. They set a “buy” rating and a $50.00 price target on the stock. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Zillow Group presently has an average rating of “Hold” and a consensus price target of $44.76.

About Zillow Group

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Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

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