Zillow Group, Inc. (NASDAQ:ZG) CAO Sells $199,381.50 in Stock (2024)

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CAO Jennifer Rock sold 4,050 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the sale, the chief accounting officer now directly owns 79,694 shares of the company's stock, valued at approximately $3,923,335.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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Jennifer Rock also recently made the following trade(s):

• On Wednesday, May 15th, Jennifer Rock sold 2,640 shares of Zillow Group stock. The shares were sold at an average price of $44.17, for a total value of $116,608.80.

Zillow Group Price Performance

Shares of ZG stock opened at $49.08 on Tuesday. The company has a market capitalization of $11.59 billion, a P/E ratio of -71.13, a P/E/G ratio of 23.61 and a beta of 2.05. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $59.23. The stock has a 50 day moving average of $46.07 and a two-hundred day moving average of $47.04.

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Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. The firm had revenue of $572.00 million during the quarter, compared to analysts' expectations of $538.36 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. Zillow Group's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. As a group, equities analysts expect that Zillow Group, Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

ZG has been the topic of several analyst reports. Craig Hallum increased their price target on Zillow Group from $51.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, August 8th. DA Davidson reiterated a "buy" rating and issued a $52.00 target price on shares of Zillow Group in a report on Tuesday, June 18th. Barclays upped their price target on shares of Zillow Group from $35.00 to $36.00 and gave the company an "underweight" rating in a report on Thursday, August 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $60.00 price objective on shares of Zillow Group in a research note on Monday, August 5th. Finally, Canaccord Genuity Group decreased their target price on Zillow Group from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.93.

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Read Our Latest Stock Analysis on ZG

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Zillow Group in the fourth quarter valued at $102,096,000. Vanguard Group Inc. grew its holdings in shares of Zillow Group by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company's stock worth $456,861,000 after purchasing an additional 1,730,731 shares during the last quarter. UBS Group AG increased its position in shares of Zillow Group by 73.0% during the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company's stock worth $23,832,000 after purchasing an additional 177,265 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Zillow Group by 244.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 171,881 shares of the technology company's stock valued at $8,226,000 after purchasing an additional 121,942 shares during the last quarter. Finally, Berkshire Capital Holdings Inc. lifted its holdings in Zillow Group by 1,145,800.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company's stock valued at $6,630,000 after purchasing an additional 114,580 shares during the last quarter. Institutional investors own 20.32% of the company's stock.

About Zillow Group

(Get Free Report)

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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