Zillow Group, Inc. (NASDAQ:ZG) Director Amy Bohutinsky Sells 20,625 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares in the company, valued at $379,983.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zillow Group Trading Up 4.1 %

NASDAQ ZG opened at $65.79 on Friday. The stock has a 50-day moving average of $51.15 and a 200-day moving average of $47.14. 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 1-year low of $33.23 and a 1-year high of $66.75. The firm has a market cap of $15.54 billion, a PE ratio of -95.35 and a beta of 2.00.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $538.36 million. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Zillow Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Craig Hallum increased their price objective on Zillow Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. DA Davidson restated a “buy” rating and issued a $52.00 target price on shares of Zillow Group in a research note on Tuesday, June 18th. UBS Group lifted their price target on Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Evercore ISI boosted their price objective on Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus price target of $59.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Treasurer of the State of North Carolina grew its position in shares of Zillow Group by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,511 shares of the technology company’s stock worth $1,390,000 after buying an additional 230 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock worth $43,000 after acquiring an additional 237 shares during the period. Signaturefd LLC increased its position in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after purchasing an additional 360 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Zillow Group by 9.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after purchasing an additional 421 shares in the last quarter. Finally, Wedmont Private Capital lifted its position in shares of Zillow Group by 4.2% in the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock worth $610,000 after purchasing an additional 504 shares during the period. Institutional investors own 20.32% of the company’s stock.

Zillow Group Company Profile

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.