Key Points
- Erik Blachford, a Zillow director, sold 965 shares on December 3 at an average price of $72.51 for total proceeds of $69,972.15, trimming his stake by 2.8% to 33,543 shares valued at about $2.43M.
- Zillow shares traded near $73.43 with a market cap of roughly $17.8B; the company reported quarterly EPS of $0.44 (missing estimates by $0.02) while revenue rose 16.4% year‑over‑year and the stock shows a negative P/E ratio.
- Analysts are mixed: MarketBeat shows a consensus Hold rating with an average target of $87.09, alongside multiple Buy/Outperform ratings and several recent target price adjustments.
Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) Director Thielke Claire Cormier sold 241 shares of Zillow Group stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total transaction of $17,474.91. Following the sale, the director owned 242 shares of the company's stock, valued at $17,547.42. The trade was a 49.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Zillow Group Price Performance
ZG traded up $0.02 on Friday, reaching $73.39. 54,526 shares of the stock were exchanged, compared to its average volume of 587,355. The company's 50-day moving average price is $70.99 and its 200 day moving average price is $73.61. The firm has a market capitalization of $17.76 billion, a PE ratio of -523.84, a PEG ratio of 29.05 and a beta of 2.06. Zillow Group, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $90.22.
Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The company had revenue of $676.00 million for the quarter, compared to analyst estimates of $670.28 million. During the same period in the prior year, the business posted $0.35 earnings per share. Zillow Group's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on ZG shares. Barclays restated an "underweight" rating and set a $66.00 price target (up previously from $60.00) on shares of Zillow Group in a research report on Thursday, August 7th. UBS Group decreased their target price on Zillow Group from $95.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, October 31st. Citigroup reiterated a "market outperform" rating on shares of Zillow Group in a research report on Monday, November 24th. Piper Sandler restated an "overweight" rating and issued a $85.00 price objective (down previously from $94.00) on shares of Zillow Group in a report on Friday, October 31st. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $87.00 target price on shares of Zillow Group in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of "Hold" and an average price target of $87.09.
Get Our Latest Research Report on ZG
Institutional Investors Weigh In On Zillow Group
A number of institutional investors have recently modified their holdings of the company. Cetera Investment Advisers increased its stake in Zillow Group by 15.1% during the 1st quarter. Cetera Investment Advisers now owns 3,709 shares of the technology company's stock worth $248,000 after buying an additional 487 shares during the period. PNC Financial Services Group Inc. lifted its stake in Zillow Group by 33.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company's stock worth $75,000 after purchasing an additional 280 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,002,693 shares of the technology company's stock valued at $468,200,000 after buying an additional 57,693 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Zillow Group by 30.1% during the first quarter. Deutsche Bank AG now owns 121,036 shares of the technology company's stock worth $8,092,000 after purchasing an additional 28,017 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Zillow Group by 79.4% during the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company's stock worth $33,000 after buying an additional 216 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.
Zillow Group Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
