Zillow Group, Inc. (NASDAQ:ZG) Insider Errol G. Samuelson Sells 6,967 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Stock Performance

NASDAQ:ZG opened at $76.89 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock’s 50 day moving average price is $75.58 and its two-hundred day moving average price is $65.99. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. On average, equities research analysts predict that Zillow Group, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ZG shares. Barclays upped their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Robert W. Baird started coverage on Zillow Group in a research report on Friday, January 31st. They set a “neutral” rating and a $88.00 price objective for the company. DA Davidson upped their price objective on Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Stephens reaffirmed an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a research report on Wednesday. Finally, Benchmark upped their price objective on Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $83.00.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of ZG. Creative Planning raised its stake in Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after buying an additional 439 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Zillow Group by 4.8% during the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after purchasing an additional 750 shares during the period. Private Advisor Group LLC bought a new position in shares of Zillow Group during the third quarter worth approximately $747,000. Avitas Wealth Management LLC bought a new position in shares of Zillow Group during the third quarter worth approximately $1,562,000. Finally, US Bancorp DE increased its stake in shares of Zillow Group by 6.5% during the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 18,136 shares during the period. 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.