Errol G. Samuelson Sells 2,854 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $68.74 on Friday. The business’s 50 day moving average price is $77.28 and its 200 day moving average price is $72.96. The company has a market cap of $16.67 billion, a price-to-earnings ratio of -146.26, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Trading of Zillow Group

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI purchased a new position in shares of Zillow Group during the 4th quarter worth $55,000. Assetmark Inc. lifted its position in Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after buying an additional 741 shares during the last quarter. Blue Trust Inc. boosted its stake in Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after buying an additional 137 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Zillow Group during the third quarter valued at about $74,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 367 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Keefe, Bruyette & Woods began coverage on Zillow Group in a research note on Friday. They set a “market perform” rating and a $80.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

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.