Erik C. Blachford Sells 1,413 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Erik C. Blachford sold 1,413 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $54.87, for a total value of $77,531.31. Following the completion of the sale, the director now directly owns 35,403 shares of the company’s stock, valued at $1,942,562.61. The sale was disclosed in a filing with the SEC, which is available at this link.

Zillow Group Trading Down 0.3 %

Shares of ZG stock opened at $52.07 on Thursday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $12.30 billion, a P/E ratio of -75.46 and a beta of 2.00. Zillow Group, Inc. has a 12-month low of $33.23 and a 12-month high of $59.23. The firm has a 50-day moving average price of $48.89 and a 200 day moving average price of $46.88.

Zillow Group (NASDAQ:ZG) last announced 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. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. During the same period in the previous year, the business earned ($0.05) EPS. Zillow Group’s revenue was up 13.0% compared to the same quarter last year. Research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ZG shares. Evercore ISI increased their target price on shares of Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Citigroup lifted their price target on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research 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 research note on Tuesday, June 18th. Royal Bank of Canada boosted their target price on shares of Zillow Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Benchmark lifted their price objective on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $59.33.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new position in shares of Zillow Group during the fourth quarter valued at $26,000. Fidelis Capital Partners LLC bought a new stake in Zillow Group during the 1st quarter worth about $32,000. Quadrant Capital Group LLC lifted its position in Zillow Group by 45.1% during the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after purchasing an additional 237 shares during the period. EntryPoint Capital LLC bought a new position in shares of Zillow Group in the 1st quarter valued at about $53,000. Finally, Signaturefd LLC grew its position in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after buying an additional 360 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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.