Zillow Group (NASDAQ:ZG) CTO David Beitel Sells 3,893 Shares

Zillow Group, Inc. (NASDAQ:ZG) CTO David Beitel sold 3,893 shares of Zillow Group stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $71.12, for a total transaction of $276,870.16. Following the transaction, the chief technology officer directly owned 140,656 shares of the company’s stock, valued at approximately $10,003,454.72. This trade represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zillow Group Trading Down 2.1%

ZG traded down $1.47 during midday trading on Friday, reaching $67.21. The company’s stock had a trading volume of 908,247 shares, compared to its average volume of 587,079. Zillow Group, Inc. has a 1 year low of $56.63 and a 1 year high of $90.22. The stock’s 50-day moving average is $74.40 and its 200-day moving average is $73.31. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of -258.50, a PEG ratio of 23.55 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $676.00 million during the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. Zillow Group has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ZG shares. Benchmark reissued a “buy” rating on shares of Zillow Group in a research note on Friday, October 31st. Wells Fargo & Company cut their price objective on shares of Zillow Group from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 11th. KeyCorp restated an “overweight” rating and set a $92.00 price objective (up from $90.00) on shares of Zillow Group in a research note on Thursday, August 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $78.00 target price on shares of Zillow Group in a research note on Friday, October 31st. Finally, Susquehanna reduced their price target on shares of Zillow Group from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $87.42.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently added to or reduced their stakes in ZG. National Bank of Canada FI raised its stake in Zillow Group by 79.4% during 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 last quarter. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 187 shares during the period. PNC Financial Services Group Inc. increased its position in Zillow Group by 33.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock valued at $75,000 after acquiring an additional 280 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Zillow Group by 23.1% in the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after acquiring an additional 194 shares during the period. Finally, Group One Trading LLC boosted its position in Zillow Group by 884.7% in the third quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,327 shares during the last quarter. 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.