Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares in the company, valued at $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Zillow Group Price Performance
Shares of Zillow Group stock opened at $70.73 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 12 month low of $36.38 and a 12 month high of $73.89. The stock has a 50 day moving average of $61.58 and a 200 day moving average of $51.52.
Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) earnings per share. As a group, equities analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.
Institutional Trading of Zillow Group
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Several institutional investors and hedge funds have recently made changes to their positions in ZG. Cynosure Group LLC purchased a new stake in shares of Zillow Group during the 3rd quarter worth $12,248,000. Mirabella Financial Services LLP purchased a new stake in Zillow Group during the 3rd quarter worth approximately $11,351,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Zillow Group in the 3rd quarter valued at $9,813,000. CreativeOne Wealth LLC increased its holdings in shares of Zillow Group by 164.4% in the third quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company's stock valued at $11,129,000 after purchasing an additional 111,743 shares during the period. Finally, Mark Asset Management LP acquired a new position in Zillow Group in the 2nd quarter worth approximately $4,524,000. 20.32% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ZG has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Barclays raised their target price on Zillow Group from $36.00 to $50.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. Benchmark raised their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Canaccord Genuity Group boosted their price objective on Zillow Group from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on shares of Zillow Group from $66.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $67.17.
Check Out Our Latest Research Report on Zillow Group
About Zillow Group
(
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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.
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