Zillow Group (NASDAQ:ZG) General Counsel Bradley Owens Sells 3,364 Shares

Zillow Group, Inc. (NASDAQ:ZG) General Counsel Bradley Owens sold 3,364 shares of Zillow Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $37.23, for a total value of $125,241.72. Following the completion of the sale, the general counsel directly owned 65,245 shares in the company, valued at approximately $2,429,071.35. The trade was a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Stock Performance

NASDAQ:ZG traded up $0.20 during trading hours on Friday, reaching $38.06. The stock had a trading volume of 1,220,684 shares, compared to its average volume of 1,106,949. Zillow Group, Inc. has a 52 week low of $37.26 and a 52 week high of $90.22. The company has a 50 day moving average price of $43.15 and a two-hundred day moving average price of $56.67. The stock has a market capitalization of $8.71 billion, a PE ratio of 152.24, a PEG ratio of 1.82 and a beta of 2.04.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.17 million. During the same quarter in the previous year, the company posted $0.41 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. Equities research analysts predict that Zillow Group, Inc. will post 0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ZG shares. Robert W. Baird cut their target price on Zillow Group from $67.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Mizuho cut their target price on Zillow Group from $65.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Barclays cut their target price on Zillow Group from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Benchmark reissued a “buy” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Zillow Group in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $71.24.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in Zillow Group in the 4th quarter valued at $152,050,000. Independent Franchise Partners LLP grew its position in Zillow Group by 1.1% in the 4th quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company’s stock valued at $138,135,000 after acquiring an additional 21,862 shares during the last quarter. M&T Bank Corp grew its position in Zillow Group by 38,344.0% in the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after acquiring an additional 1,600,097 shares during the last quarter. Tiger Global Management LLC grew its position in Zillow Group by 30.7% in the 4th quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock valued at $69,849,000 after acquiring an additional 240,690 shares during the last quarter. Finally, UBS Group AG grew its position in Zillow Group by 44.5% in the 4th quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after acquiring an additional 313,643 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

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.