Insider Selling: Zillow Group (NASDAQ:ZG) CEO Sells 13,661 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 13,661 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the transaction, the chief executive officer owned 116,322 shares of the company’s stock, valued at approximately $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jeremy Wacksman also recently made the following trade(s):

• On Thursday, February 12th, Jeremy Wacksman sold 4,729 shares of Zillow Group stock. The stock was sold at an average price of $44.20, for a total value of $209,021.80.

Zillow Group Stock Performance

NASDAQ ZG traded up $0.69 during trading hours on Tuesday, hitting $43.99. 2,704,201 shares of the company traded hands, compared to its average volume of 1,133,974. The business’s 50-day moving average is $64.26 and its 200-day moving average is $71.51. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 488.83, a P/E/G ratio of 3.21 and a beta of 2.04. Zillow Group, Inc. has a twelve month low of $42.25 and a twelve month high of $90.22.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. Zillow Group’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. Analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently bought and sold shares of ZG. Vanguard Personalized Indexing Management LLC boosted its position in shares of Zillow Group by 3.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,550 shares of the technology company’s stock worth $312,000 after acquiring an additional 131 shares in the last quarter. DoubleLine ETF Adviser LP boosted its holdings in shares of Zillow Group by 4.9% in the 3rd quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock valued at $239,000 after purchasing an additional 150 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Zillow Group by 4.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock valued at $256,000 after purchasing an additional 156 shares during the last quarter. Signaturefd LLC increased its stake in shares of Zillow Group by 10.4% in the 4th quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock valued at $117,000 after purchasing an additional 161 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Zillow Group by 78.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after buying an additional 187 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their price objective on Zillow Group from $78.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Canaccord Genuity Group set a $72.00 price target on Zillow Group in a report on Wednesday, February 11th. Sanford C. Bernstein dropped their price objective on shares of Zillow Group from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. KeyCorp reduced their target price on shares of Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Wells Fargo & Company lowered their price target on shares of Zillow Group from $73.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 10th. Fourteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus price target of $78.05.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.