Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) General Counsel Sells $139,949.81 in Stock

Zillow Group, Inc. (NASDAQ:ZGGet Rating) General Counsel Bradley D. Owens sold 3,731 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $37.51, for a total transaction of $139,949.81. Following the sale, the general counsel now directly owns 15,948 shares in the company, valued at approximately $598,209.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Zillow Group Stock Performance

NASDAQ ZG opened at $34.81 on Monday. The stock has a market cap of $8.28 billion, a PE ratio of -30.01 and a beta of 1.50. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 0.36. Zillow Group, Inc. has a twelve month low of $26.21 and a twelve month high of $65.16. The stock has a fifty day simple moving average of $31.63 and a 200-day simple moving average of $34.50.

Zillow Group (NASDAQ:ZGGet Rating) last released its earnings results on Wednesday, November 2nd. The technology company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.08. Zillow Group had a negative return on equity of 3.16% and a negative net margin of 3.01%. The firm had revenue of $483.00 million during the quarter, compared to analysts’ expectations of $455.98 million. Equities analysts anticipate that Zillow Group, Inc. will post -0.17 earnings per share for the current year.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. National Bank of Canada FI raised its stake in shares of Zillow Group by 199.5% during the 2nd quarter. National Bank of Canada FI now owns 743,127 shares of the technology company’s stock worth $23,639,000 after buying an additional 495,010 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Zillow Group in the 2nd quarter worth about $13,493,000. Global Endowment Management LP increased its stake in shares of Zillow Group by 3,170.9% during the 1st quarter. Global Endowment Management LP now owns 356,010 shares of the technology company’s stock worth $17,170,000 after purchasing an additional 345,126 shares in the last quarter. BlackRock Inc. increased its position in Zillow Group by 16.0% during the third quarter. BlackRock Inc. now owns 2,489,506 shares of the technology company’s stock worth $71,275,000 after buying an additional 343,693 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its holdings in Zillow Group by 683.1% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 280,851 shares of the technology company’s stock valued at $8,934,000 after acquiring an additional 244,988 shares during the last quarter. 19.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ZG. DA Davidson cut their price objective on Zillow Group from $78.00 to $53.00 in a report on Monday, September 12th. Canaccord Genuity Group downgraded Zillow Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $48.00 to $34.00 in a research report on Thursday, November 3rd. Wedbush cut their target price on Zillow Group from $39.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, September 26th. Barclays cut their price target on shares of Zillow Group from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Thursday, November 3rd. Finally, Piper Sandler dropped their price target on Zillow Group from $39.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Zillow Group currently has a consensus rating of “Hold” and an average target price 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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Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:ZG)

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