David A. Beitel Sells 3,179 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) CTO David A. Beitel sold 3,179 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.97, for a total transaction of $235,150.63. Following the sale, the chief technology officer now directly owns 165,015 shares of the company’s stock, valued at $12,206,159.55. This represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Zillow Group Stock Down 1.8 %

Shares of NASDAQ:ZG opened at $70.73 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average is $61.58 and its 200 day moving average is $51.59. Zillow Group, Inc. has a 1 year low of $36.38 and a 1 year high of $73.89.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Susquehanna raised their price objective on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. JMP Securities lifted their price objective on Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. Benchmark increased their target price on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Citigroup boosted their price target on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Canaccord Genuity Group increased 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. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.17.

Institutional Investors Weigh In On Zillow Group

Large investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in Zillow Group by 29.7% during the 2nd 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 last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after acquiring an additional 421 shares during the period. Creative Planning lifted its position in Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after purchasing an additional 439 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Zillow Group in the third quarter valued at $29,000. Finally, Wedmont Private Capital grew its position in Zillow Group by 4.2% during the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock worth $610,000 after purchasing an additional 504 shares during the period. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Company Profile

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.