Zillow Group (NASDAQ:ZG) Insider Sells $115,117.20 in Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 3,078 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $115,117.20. Following the transaction, the insider owned 49,696 shares of the company’s stock, valued at $1,858,630.40. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dan Spaulding also recently made the following trade(s):

• On Thursday, May 14th, Dan Spaulding sold 2,056 shares of Zillow Group stock. The shares were sold at an average price of $37.93, for a total value of $77,984.08.
• On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The shares were sold at an average price of $43.95, for a total value of $235,615.95.

Zillow Group Trading Down 1.2%

Shares of NASDAQ ZG traded down $0.45 during trading hours on Monday, reaching $37.61. The stock had a trading volume of 1,697,655 shares, compared to its average volume of 1,113,151. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 150.44, a P/E/G ratio of 1.78 and a beta of 2.04. The business’s fifty day moving average price is $42.99 and its two-hundred day moving average price is $56.42. Zillow Group, Inc. has a 52-week low of $37.26 and a 52-week high of $90.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.17 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.Zillow Group’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities research analysts anticipate that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZG has been the subject of a number of recent research reports. Susquehanna set a $50.00 price objective on shares of Zillow Group in a research note on Thursday, February 12th. KeyCorp reduced their price target on Zillow Group from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Citigroup cut their target price on Zillow Group from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Evercore reissued an “outperform” rating on shares of Zillow Group in a research report on Tuesday, March 17th. Finally, Mizuho lowered their price target on shares of Zillow Group from $65.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $71.24.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Aberdeen Group plc acquired a new stake in Zillow Group in the 3rd quarter valued at about $2,529,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Zillow Group during the 3rd quarter worth approximately $1,443,000. Tabor Asset Management LP acquired a new stake in shares of Zillow Group during the 3rd quarter worth approximately $2,428,000. M&T Bank Corp increased its holdings in shares of Zillow Group by 38,344.0% during the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after buying an additional 1,600,097 shares during the last quarter. Finally, Emmett Investment Management LP acquired a new stake in shares of Zillow Group during the 3rd quarter worth approximately $2,860,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.