Zillow Group (NASDAQ:ZG) Director Thielke Claire Cormier Sells 241 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Thielke Claire Cormier sold 241 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total value of $17,474.91. Following the completion of the transaction, the director directly owned 242 shares in the company, valued at approximately $17,547.42. This represents a 49.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Zillow Group Stock Performance

Shares of NASDAQ ZG traded up $0.02 during midday trading on Friday, hitting $73.39. 54,526 shares of the company’s stock traded hands, compared to its average volume of 587,355. The firm has a fifty day moving average of $70.99 and a 200 day moving average of $73.61. Zillow Group, Inc. has a 1 year low of $56.63 and a 1 year high of $90.22. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of -523.84, a price-to-earnings-growth ratio of 29.05 and a beta of 2.06.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Thursday, October 30th. The technology company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The business had revenue of $676.00 million for the quarter, compared to analysts’ expectations of $670.28 million. During the same period in the prior year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI lifted its position in shares of Zillow Group by 79.4% during the first quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after buying an additional 216 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Zillow Group by 78.9% during the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after acquiring an additional 187 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Zillow Group by 33.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock valued at $75,000 after acquiring an additional 280 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Zillow Group by 23.1% in the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after acquiring an additional 194 shares in the last quarter. Finally, Group One Trading LLC increased its position in shares of Zillow Group by 884.7% during the third quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,327 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $87.00 price objective on shares of Zillow Group in a research note on Thursday, September 25th. Benchmark reaffirmed a “buy” rating on shares of Zillow Group in a report on Friday, October 31st. Wells Fargo & Company dropped their price target on Zillow Group from $75.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, September 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Zillow Group in a research note on Friday, October 31st. Finally, UBS Group cut their target price on Zillow Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.09.

About Zillow Group

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.