Investors Buy Large Volume of Zillow Group Put Options (ZG)

Zillow Group Inc (NASDAQ:ZG) saw some unusual options trading activity on Thursday. Traders bought 3,911 put options on the company. This is an increase of approximately 3,361% compared to the typical volume of 113 put options.

A number of research firms recently commented on ZG. Zacks Investment Research reissued a “hold” rating on shares of Zillow Group in a research report on Saturday, November 17th. Susquehanna Bancshares lowered shares of Zillow Group from a “neutral” rating to a “negative” rating in a research note on Wednesday, November 7th. Barclays restated a “hold” rating and set a $32.00 price target on shares of Zillow Group in a research note on Thursday, November 8th. Needham & Company LLC initiated coverage on shares of Zillow Group in a research note on Tuesday, January 8th. They set a “hold” rating on the stock. Finally, Jefferies Financial Group cut their price target on shares of Zillow Group from $52.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.31.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its holdings in Zillow Group by 9.5% during the third quarter. Vanguard Group Inc now owns 5,344,679 shares of the technology company’s stock worth $236,235,000 after buying an additional 463,466 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Zillow Group by 206.5% during the third quarter. Vanguard Group Inc. now owns 14,959,121 shares of the technology company’s stock worth $661,673,000 after buying an additional 10,077,908 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Zillow Group during the third quarter worth $8,703,000. BlackRock Inc. boosted its holdings in Zillow Group by 6.8% during the third quarter. BlackRock Inc. now owns 2,239,289 shares of the technology company’s stock worth $98,977,000 after buying an additional 142,737 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its holdings in Zillow Group by 165.8% during the third quarter. Vident Investment Advisory LLC now owns 24,372 shares of the technology company’s stock worth $1,077,000 after buying an additional 15,202 shares in the last quarter. Hedge funds and other institutional investors own 23.73% of the company’s stock.

NASDAQ:ZG opened at $35.06 on Friday. The firm has a market capitalization of $7.13 billion, a PE ratio of 233.73 and a beta of 1.21. Zillow Group has a 1-year low of $26.20 and a 1-year high of $65.42. The company has a current ratio of 11.72, a quick ratio of 11.43 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Thursday, February 21st. The technology company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.20. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. Research analysts predict that Zillow Group will post -0.34 EPS for the current fiscal year.

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Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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