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

Zillow Group, Inc. (NASDAQ:ZG) Director Claire Thielke sold 1,187 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total transaction of $42,387.77. Following the completion of the sale, the director owned 2,375 shares of the company’s stock, valued at approximately $84,811.25. The trade was a 33.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Thielke sold 1,187 shares of Zillow Group stock. The stock was sold at an average price of $33.09, for a total value of $39,277.83.

Zillow Group Price Performance

ZG opened at $35.32 on Friday. The business has a 50 day simple moving average of $34.15 and a 200-day simple moving average of $38.25. Zillow Group, Inc. has a 12 month low of $29.03 and a 12 month high of $90.22. The stock has a market capitalization of $7.94 billion, a P/E ratio of 160.55, a P/E/G ratio of 1.57 and a beta of 1.97.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.25 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.Zillow Group’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. Research analysts anticipate that Zillow Group, Inc. will post 0.89 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in Zillow Group by 40.5% in the 1st quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock valued at $862,000 after acquiring an additional 3,717 shares during the last quarter. Millennium Management LLC grew its position in shares of Zillow Group by 110.8% in the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after purchasing an additional 152,955 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Zillow Group by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock valued at $5,878,000 after purchasing an additional 5,737 shares during the period. JPMorgan Chase & Co. increased its stake in Zillow Group by 5.8% in the second quarter. JPMorgan Chase & Co. now owns 21,093 shares of the technology company’s stock valued at $1,445,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Zillow Group by 16.3% in the second quarter. Prudential Financial Inc. now owns 7,933 shares of the technology company’s stock valued at $543,000 after purchasing an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analysts Set New Price Targets

ZG has been the subject of several research reports. Cantor Fitzgerald reduced their price objective on Zillow Group from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Canaccord Genuity Group decreased their price objective on shares of Zillow Group from $52.00 to $40.00 and set a “hold” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Zillow Group in a research note on Wednesday, August 19th. DA Davidson cut their target price on shares of Zillow Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group cut their price objective on Zillow Group from $53.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.14.

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.