Errol Samuelson Sells 7,641 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol Samuelson sold 7,641 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $71.13, for a total transaction of $543,504.33. Following the completion of the transaction, the insider owned 120,815 shares of the company’s stock, valued at $8,593,570.95. This represents a 5.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Zillow Group Trading Down 2.1%

Shares of NASDAQ:ZG opened at $67.21 on Friday. Zillow Group, Inc. has a 52 week low of $56.63 and a 52 week high of $90.22. The company’s 50 day moving average is $74.40 and its two-hundred day moving average is $73.36. The company has a market cap of $16.27 billion, a PE ratio of -258.50, a P/E/G ratio of 23.55 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last released 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). The firm had revenue of $676.00 million for the quarter, compared to analysts’ expectations of $670.28 million. Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.Zillow Group’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. Zillow Group has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Susquehanna lowered their price objective on Zillow Group from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Benchmark restated a “buy” rating on shares of Zillow Group in a research note on Friday, October 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Zillow Group in a report on Friday, October 31st. UBS Group dropped their price target on shares of Zillow Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Canaccord Genuity Group boosted their price objective on shares of Zillow Group from $76.00 to $84.00 and gave the stock a “hold” rating 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 issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.42.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZG. Trexquant Investment LP purchased a new stake in Zillow Group in the first quarter valued at approximately $370,000. ABC Arbitrage SA grew its position in shares of Zillow Group by 390.1% during the second quarter. ABC Arbitrage SA now owns 31,227 shares of the technology company’s stock worth $2,139,000 after acquiring an additional 24,856 shares during the last quarter. TD Asset Management Inc acquired a new position in shares of Zillow Group in the 2nd quarter valued at $262,000. Arkadios Wealth Advisors purchased a new stake in Zillow Group in the 2nd quarter valued at $877,000. Finally, Rhumbline Advisers raised its position in Zillow Group by 8.0% in the 1st quarter. Rhumbline Advisers now owns 51,030 shares of the technology company’s stock valued at $3,412,000 after purchasing an additional 3,765 shares during the last quarter. Hedge funds and other 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.