Zillow Group (ZG) Expected to Announce Quarterly Earnings on Tuesday

Zillow Group (NASDAQ:ZG) is anticipated to post its results after the market closes on Tuesday, February 10th. Analysts expect Zillow Group to post earnings of $0.42 per share and revenue of $650.3960 million for the quarter.

Zillow Group Stock Performance

NASDAQ:ZG opened at $54.50 on Friday. The firm has a 50-day simple moving average of $67.22 and a 200-day simple moving average of $72.81. Zillow Group has a one year low of $53.37 and a one year high of $90.22. The firm has a market cap of $13.19 billion, a P/E ratio of -389.26, a P/E/G ratio of 3.16 and a beta of 2.04.

Insider Activity

In related news, insider Dan Spaulding sold 5,455 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.40, for a total value of $378,577.00. Following the completion of the transaction, the insider owned 50,342 shares in the company, valued at $3,493,734.80. This trade represents a 9.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradley D. Owens sold 2,722 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total value of $183,490.02. Following the sale, the general counsel owned 37,974 shares in the company, valued at approximately $2,559,827.34. The trade was a 6.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 67,511 shares of company stock valued at $4,766,357. 17.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Sandler Capital Management acquired a new position in shares of Zillow Group in the third quarter worth about $486,000. Mercer Global Advisors Inc. ADV acquired a new position in Zillow Group in the 3rd quarter worth about $400,000. Russell Investments Group Ltd. boosted its position in Zillow Group by 208.3% during the third quarter. Russell Investments Group Ltd. now owns 6,871 shares of the technology company’s stock worth $511,000 after purchasing an additional 4,642 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Zillow Group by 8.5% in the second quarter. Osaic Holdings Inc. now owns 3,966 shares of the technology company’s stock valued at $271,000 after purchasing an additional 310 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of Zillow Group in the second quarter valued at approximately $451,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZG has been the subject of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $95.00 target price on shares of Zillow Group in a report on Monday, December 15th. JPMorgan Chase & Co. lifted their target price on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Cantor Fitzgerald decreased their price target on shares of Zillow Group from $74.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Barclays set a $72.00 price objective on shares of Zillow Group and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Finally, KeyCorp lowered their target price on shares of Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.13.

Zillow Group Company Profile

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.