Zillow Group (ZG) to Release Quarterly Earnings on Tuesday

Zillow Group (NASDAQ:ZG) will likely be announcing its results after the market closes on Tuesday, February 10th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $650.3960 million for the quarter.

Zillow Group Stock Performance

Shares of NASDAQ ZG opened at $61.75 on Tuesday. The firm’s 50 day moving average price is $68.54 and its 200-day moving average price is $73.35. Zillow Group has a 52-week low of $56.63 and a 52-week high of $90.22. The company has a market cap of $14.95 billion, a PE ratio of -441.04, a P/E/G ratio of 3.61 and a beta of 2.04.

Insider Buying and Selling at Zillow Group

In related news, CEO Jeremy Wacksman sold 10,855 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the completion of the sale, the chief executive officer directly owned 134,712 shares in the company, valued at approximately $9,428,492.88. The trade was a 7.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dan Spaulding sold 5,455 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $69.40, for a total transaction of $378,577.00. Following the completion of the transaction, the insider owned 50,342 shares in the company, valued at $3,493,734.80. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 67,511 shares of company stock worth $4,766,357. 17.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading LLC increased its position in Zillow Group by 884.7% in the third quarter. Group One Trading LLC now owns 1,477 shares of the technology company’s stock worth $110,000 after buying an additional 1,327 shares in the last quarter. California State Teachers Retirement System raised its stake in Zillow Group by 9.2% during the 2nd quarter. California State Teachers Retirement System now owns 3,147 shares of the technology company’s stock worth $216,000 after acquiring an additional 264 shares during the period. Mackenzie Financial Corp raised its stake in Zillow Group by 8.5% during the 3rd quarter. Mackenzie Financial Corp now owns 3,301 shares of the technology company’s stock worth $246,000 after acquiring an additional 258 shares during the period. Evergreen Capital Management LLC purchased a new position in Zillow Group during the second quarter valued at approximately $252,000. Finally, Corient Private Wealth LLC bought a new position in shares of Zillow Group in the second quarter worth approximately $263,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. BNP Paribas Exane initiated coverage on Zillow Group in a research note on Wednesday, January 14th. They set an “outperform” rating and a $85.00 target price on the stock. Barclays set a $72.00 price target on Zillow Group and gave the company an “equal weight” rating in a report on Thursday. Benchmark lifted their price objective on Zillow Group from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Citizens Jmp dropped their price target on shares of Zillow Group from $90.00 to $85.00 and set a “market outperform” rating on the stock in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.83.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.