David A. Beitel Sells 56,750 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the transaction, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zillow Group Trading Down 1.8 %

ZG opened at $70.73 on Friday. The business’s fifty day simple moving average is $61.58 and its 200 day simple moving average is $51.52. Zillow Group, Inc. has a 52 week low of $36.38 and a 52 week high of $73.89. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) EPS. As a group, equities analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

ZG has been the subject of several recent analyst reports. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. DA Davidson raised their target price on Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Craig Hallum upped their price target on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.17.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently added to or reduced their stakes in ZG. Signaturefd LLC grew its stake in Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Zillow Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after acquiring an additional 421 shares in the last quarter. Creative Planning boosted its position in Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after purchasing an additional 439 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Zillow Group in the 3rd quarter valued at $29,000. Finally, Wedmont Private Capital raised its position in Zillow Group by 4.2% in the second quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock valued at $610,000 after purchasing an additional 504 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.