Zillow Group (NASDAQ:ZG) Director Erik Blachford Sells 965 Shares

Zillow Group, Inc. (NASDAQ:ZG) Director Erik Blachford sold 965 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total value of $69,972.15. Following the sale, the director owned 33,543 shares in the company, valued at approximately $2,432,202.93. The trade was a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Zillow Group Stock Down 0.7%

Shares of NASDAQ:ZG traded down $0.50 during trading on Thursday, hitting $73.37. The stock had a trading volume of 339,747 shares, compared to its average volume of 589,697. Zillow Group, Inc. has a 12-month low of $56.63 and a 12-month high of $90.22. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of -524.03, a price-to-earnings-growth ratio of 28.15 and a beta of 2.06. The stock has a 50-day simple moving average of $71.03 and a two-hundred day simple moving average of $73.61.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The business had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. During the same quarter last year, the company posted $0.35 EPS. Zillow Group’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZG. Zelman & Associates upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, August 8th. Royal Bank Of Canada increased their price target on Zillow Group from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Citigroup reiterated a “market outperform” rating on shares of Zillow Group in a research note on Monday, November 24th. UBS Group decreased their price objective on Zillow Group from $95.00 to $92.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Susquehanna dropped their target price on Zillow Group from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Zillow Group presently has an average rating of “Hold” and a consensus target price of $87.09.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. National Bank of Canada FI grew its position in shares of 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 acquiring an additional 216 shares during the period. Smartleaf Asset Management LLC raised its holdings in Zillow Group by 78.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock worth $33,000 after purchasing an additional 187 shares during the period. PNC Financial Services Group Inc. boosted 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 worth $75,000 after purchasing an additional 280 shares in the last quarter. Jones Financial Companies Lllp grew 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 purchasing an additional 194 shares during the period. Finally, Group One Trading LLC grew its stake in Zillow Group by 884.7% in the 3rd quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,327 shares during the period. Institutional investors and hedge funds 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.