Bradley Owens Sells 1,897 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley Owens sold 1,897 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.12, for a total value of $134,914.64. Following the transaction, the general counsel directly owned 40,696 shares in the company, valued at $2,894,299.52. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Zillow Group Trading Down 2.1%

ZG traded down $1.47 on Friday, reaching $67.21. The company had a trading volume of 908,247 shares, compared to its average volume of 587,079. Zillow Group, Inc. has a one year low of $56.63 and a one year high of $90.22. The company has a market capitalization of $16.27 billion, a P/E ratio of -258.50, a PEG ratio of 23.55 and a beta of 2.09. The company has a fifty day moving average of $74.75 and a 200-day moving average of $73.29.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The company had revenue of $676.00 million during the quarter, compared to the consensus estimate of $670.28 million. During the same quarter last year, the business earned $0.35 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Zillow Group has set its Q4 2025 guidance at EPS. Research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently made changes to their positions in ZG. Smartleaf Asset Management LLC lifted its position in shares of Zillow Group by 78.9% in the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after purchasing an additional 187 shares in the last quarter. National Bank of Canada FI increased its stake in Zillow Group by 79.4% in the 1st 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 period. Jones Financial Companies Lllp lifted its position in Zillow Group by 23.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock worth $80,000 after buying an additional 194 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Zillow Group by 33.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock worth $75,000 after buying an additional 280 shares in the last quarter. Finally, Group One Trading LLC boosted its stake in shares of Zillow Group by 884.7% during the 3rd quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock valued at $110,000 after buying an additional 1,327 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

ZG has been the topic of a number of research reports. Canaccord Genuity Group boosted their price objective on Zillow Group from $76.00 to $84.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 target price on shares of Zillow Group in a report on Friday, October 31st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Zillow Group in a report on Monday, October 27th. Piper Sandler restated an “overweight” rating and issued a $85.00 target price (down from $94.00) on shares of Zillow Group in a report on Friday, October 31st. Finally, KeyCorp reiterated an “overweight” rating and issued a $92.00 price target (up previously from $90.00) on shares of Zillow Group in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.42.

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.