April Underwood Sells 353 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) Director April Underwood sold 353 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.71, for a total value of $17,900.63. Following the sale, the director now directly owns 1,060 shares in the company, valued at approximately $53,752.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Zillow Group Price Performance

Zillow Group stock opened at $49.96 on Monday. The stock’s 50 day moving average price is $45.91 and its two-hundred day moving average price is $47.07. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. Zillow Group, Inc. has a 52-week low of $33.23 and a 52-week high of $59.23.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business had revenue of $572.00 million during the quarter, compared to the consensus estimate of $538.36 million. During the same quarter last year, the firm posted ($0.05) EPS. Zillow Group’s revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZG. JMP Securities reduced their price target on Zillow Group from $68.00 to $62.00 and set a “market outperform” rating on the stock in a report on Thursday, May 2nd. Evercore ISI upped their price target on shares of Zillow Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group cut their price target on shares of Zillow Group from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, April 29th. JPMorgan Chase & Co. reduced their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of Zillow Group in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.27.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in ZG. GAMMA Investing LLC bought a new position in Zillow Group in the 4th quarter valued at about $26,000. Fidelis Capital Partners LLC purchased a new stake in shares of Zillow Group in the first quarter worth approximately $32,000. Quadrant Capital Group LLC lifted its holdings in shares of Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after purchasing an additional 237 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Zillow Group during the first quarter valued at approximately $53,000. Finally, Signaturefd LLC grew its holdings in Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares in the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Company Profile

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.