Thielke Claire Cormier Sells 1,187 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Thielke Claire Cormier sold 1,187 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $33.09, for a total value of $39,277.83. Following the completion of the transaction, the director directly owned 3,562 shares in the company, valued at approximately $117,866.58. This trade represents a 24.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Trading Up 8.2%

NASDAQ ZG opened at $36.23 on Friday. The stock has a fifty day simple moving average of $33.03 and a 200-day simple moving average of $40.46. The stock has a market cap of $8.29 billion, a PE ratio of 164.69, a P/E/G ratio of 1.45 and a beta of 1.95. Zillow Group, Inc. has a twelve month low of $29.03 and a twelve month high of $90.22.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The firm had revenue of $772.00 million for the quarter, compared to analyst estimates of $758.25 million. During the same period in the previous year, the firm earned $0.40 EPS. Zillow Group’s revenue was up 17.9% on a year-over-year basis. Research analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Benchmark cut their target price on Zillow Group from $110.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Citizens Jmp decreased their price target on Zillow Group from $75.00 to $46.00 and set a “market outperform” rating on the stock in a research note on Friday, August 7th. KeyCorp lowered their price target on Zillow Group from $65.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Zillow Group in a research note on Thursday, June 11th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.29.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently added to or reduced their stakes in the business. Arax Advisory Partners boosted its position in Zillow Group by 402.3% in the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after buying an additional 354 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of Zillow Group during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Zillow Group by 183.6% in the first quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock valued at $41,000 after acquiring an additional 637 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Zillow Group by 990.3% in the first quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock valued at $42,000 after acquiring an additional 921 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Zillow Group in the fourth quarter valued at $47,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

About Zillow Group

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.