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 sale, the chief technology officer now owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Zillow Group Price Performance

NASDAQ:ZG opened at $76.89 on Monday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $17.96 billion, a P/E ratio of -134.89, a P/E/G ratio of 15.65 and a beta of 2.09. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The business’s 50-day moving average is $75.58 and its 200 day moving average is $66.25.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts forecast that Zillow Group, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZG. O Shaughnessy Asset Management LLC raised its holdings in shares of Zillow Group by 13.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after buying an additional 138 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after buying an additional 159 shares during the period. Blue Trust Inc. raised its holdings in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group in the fourth quarter worth approximately $27,000. Finally, Creative Planning raised its holdings in shares of Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after buying an additional 439 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ZG shares. Evercore ISI upped their price objective on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Susquehanna boosted their price target on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday. Barclays boosted their price target on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Craig Hallum boosted their price target on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Benchmark boosted their price target on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

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.