Insider Selling: Zillow Group (NASDAQ:ZG) Insider Sells 5,361 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 5,361 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total transaction of $235,615.95. Following the transaction, the insider directly owned 41,080 shares of the company’s stock, valued at approximately $1,805,466. This trade represents a 11.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dan Spaulding also recently made the following trade(s):

• On Thursday, February 12th, Dan Spaulding sold 3,901 shares of Zillow Group stock. The shares were sold at an average price of $44.19, for a total transaction of $172,385.19.

Zillow Group Stock Performance

Zillow Group stock traded up $0.69 during midday trading on Tuesday, reaching $43.99. The stock had a trading volume of 2,704,201 shares, compared to its average volume of 1,133,974. Zillow Group, Inc. has a twelve month low of $42.25 and a twelve month high of $90.22. The stock has a market capitalization of $10.65 billion, a PE ratio of 488.83, a price-to-earnings-growth ratio of 3.21 and a beta of 2.04. The stock’s 50-day simple moving average is $64.26 and its 200 day simple moving average is $71.51.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million for the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. Equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of Zillow Group by 40.5% during the 1st quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock worth $862,000 after buying an additional 3,717 shares during the period. Millennium Management LLC raised its position in Zillow Group by 110.8% in the 1st quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after purchasing an additional 152,955 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Zillow Group by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock worth $5,878,000 after purchasing an additional 5,737 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Zillow Group by 3.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,550 shares of the technology company’s stock valued at $312,000 after buying an additional 131 shares during the period. Finally, TD Asset Management Inc bought a new stake in Zillow Group in the second quarter valued at about $262,000. Institutional investors own 20.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Robert W. Baird set a $67.00 target price on Zillow Group in a research report on Wednesday, February 11th. BNP Paribas Exane assumed coverage on Zillow Group in a report on Wednesday, January 14th. They issued an “outperform” rating and a $85.00 price target on the stock. Canaccord Genuity Group set a $72.00 price target on Zillow Group in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Zillow Group in a research report on Monday, December 15th. Fourteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.