Errol G. Samuelson Sells 2,854 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Performance

NASDAQ:ZG opened at $67.20 on Friday. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The company has a 50 day simple moving average of $74.84 and a two-hundred day simple moving average of $70.57. The company has a market capitalization of $16.30 billion, a PE ratio of -142.98, a P/E/G ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group during the fourth quarter worth approximately $27,000. Blue Trust Inc. grew its position in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC bought a new stake in shares of Zillow Group in the 4th quarter valued at $47,000. Assetmark Inc. boosted its stake in Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after acquiring an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after purchasing an additional 159 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. DA Davidson raised their target price on Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised Zillow Group to a “hold” rating in a research note on Friday. Susquehanna boosted their target price on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Benchmark increased their target price on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Finally, KeyCorp decreased their price target on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

About Zillow Group

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.