Dan Spaulding Sells 3,078 Shares of Zillow Group (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Dan Spaulding sold 3,078 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the transaction, the insider owned 49,696 shares in the company, valued at $1,858,630.40. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.

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

• On Thursday, May 14th, Dan Spaulding sold 2,056 shares of Zillow Group stock. The stock was sold at an average price of $37.93, for a total value of $77,984.08.
• On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The shares were sold at an average price of $43.95, for a total transaction of $235,615.95.

Zillow Group Stock Down 1.2%

ZG stock traded down $0.45 during midday trading on Monday, hitting $37.61. The company’s stock had a trading volume of 1,697,655 shares, compared to its average volume of 1,113,151. Zillow Group, Inc. has a 52-week low of $37.26 and a 52-week high of $90.22. The firm has a market capitalization of $8.61 billion, a P/E ratio of 150.44, a PEG ratio of 1.78 and a beta of 2.04. The firm has a 50-day simple moving average of $42.99 and a 200-day simple moving average of $56.42.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.43 by $0.10. The company had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.17 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. On average, sell-side analysts expect that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of research reports. Benchmark reissued a “buy” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Mizuho dropped their price target on shares of Zillow Group from $65.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. KeyCorp dropped their price target on shares of Zillow Group from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Robert W. Baird dropped their price target on shares of Zillow Group from $67.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Finally, Wells Fargo & Company dropped their price target on shares of Zillow Group from $60.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.24.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of ZG. Empowered Funds LLC lifted its stake in shares of Zillow Group by 60.3% during the first quarter. Empowered Funds LLC now owns 10,060 shares of the technology company’s stock valued at $416,000 after buying an additional 3,784 shares during the period. Quantinno Capital Management LP boosted its stake in Zillow Group by 106.6% in the 1st quarter. Quantinno Capital Management LP now owns 176,052 shares of the technology company’s stock worth $7,287,000 after buying an additional 90,858 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Zillow Group by 4.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 15,433 shares of the technology company’s stock worth $639,000 after buying an additional 699 shares during the last quarter. Caxton Associates LLP increased its stake in shares of Zillow Group by 172.4% during the 1st quarter. Caxton Associates LLP now owns 40,115 shares of the technology company’s stock valued at $1,660,000 after acquiring an additional 25,386 shares during the last quarter. Finally, Group One Trading LLC acquired a new position in shares of Zillow Group in the 1st quarter valued at $134,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

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.