Jennifer Rock Sells 2,222 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock
Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) CAO Jennifer Rock sold 2,222 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $45.19, for a total transaction of $100,412.18. Following the sale, the chief accounting officer now owns 63,736 shares of the company’s stock, valued at approximately $2,880,229.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Jennifer Rock also recently made the following trade(s):
On Wednesday, November 15th, Jennifer Rock sold 5,803 shares of Zillow Group stock. The stock was sold at an average price of $40.92, for a total value of $237,458.76. Zillow Group Price Performance
NASDAQ:ZG traded up $0.97 during midday trading on Wednesday, hitting $43.49. The company had a trading volume of 810,549 shares, compared to its average volume of 524,848. Zillow Group, Inc. has a 52-week low of $30.23 and a 52-week high of $55.68. The stock’s fifty day moving average price is $39.50 and its 200-day moving average price is $45.69. The company has a market capitalization of $10.16 billion, a PE ratio of -63.46 and a beta of 1.79. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.23.
Zillow Group (NASDAQ:ZG – Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.18. Zillow Group had a negative return on equity of 2.30% and a negative net margin of 8.24%. The firm had revenue of $496.00 million during the quarter, compared to analysts’ expectations of $484.44 million. As a group, research analysts expect that Zillow Group, Inc. will post -0.65 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Zillow Group in a report on Tuesday, November 21st. They issued a “buy” rating and a $50.00 price objective for the company. Susquehanna reduced their target price on shares of Zillow Group from $50.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Finally, Piper Sandler reduced their target price on shares of Zillow Group from $68.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.83.
Get Our Latest Research Report on Zillow Group
Institutional Trading of Zillow Group
Several hedge funds and other institutional investors have recently bought and sold shares of ZG. Resources Investment Advisors LLC. purchased a new stake in Zillow Group during the 1st quarter valued at about $578,000. Dark Forest Capital Management LP purchased a new position in shares of Zillow Group in the first quarter worth $2,395,000. First Republic Investment Management Inc. purchased a new position in shares of Zillow Group in the second quarter worth $468,000. Versor Investments LP raised its holdings in Zillow Group by 44.4% during the 2nd quarter. Versor Investments LP now owns 14,397 shares of the technology company’s stock valued at $708,000 after buying an additional 4,426 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Zillow Group by 4.2% during the 2nd quarter. California Public Employees Retirement System now owns 119,749 shares of the technology company’s stock valued at $5,892,000 after buying an additional 4,871 shares during the period. Hedge funds and other institutional investors own 18.94% of the company’s stock.
About Zillow Group (Get Free Report)
Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Zillow Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Zillow Group wasn’t on the list.
While Zillow Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2024 and why they should be in your portfolio.
Original: MarketBeat News Feed: Jennifer Rock Sells 2,222 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock