Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo Sells 10,000 Shares

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $70.65, for a total value of $706,500.00. Following the sale, the chief operating officer now directly owns 120,186 shares of the company’s stock, valued at $8,491,140.90. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jun Choo also recently made the following trade(s):

• On Thursday, May 8th, Jun Choo sold 11,725 shares of Zillow Group stock. The stock was sold at an average price of $68.77, for a total value of $806,328.25.
• On Thursday, February 27th, Jun Choo sold 55,000 shares of Zillow Group stock. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00.
• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The stock was sold at an average price of $77.72, for a total value of $99,248.44.

Zillow Group Stock Performance

Shares of ZG opened at $70.08 on Tuesday. Zillow Group, Inc. has a one year low of $38.40 and a one year high of $86.58. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of -149.11, a PEG ratio of 8.90 and a beta of 2.22. The stock has a 50 day moving average price of $66.25 and a 200 day moving average price of $71.41.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $587.88 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Institutional Trading of Zillow Group

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,002,693 shares of the technology company’s stock valued at $468,200,000 after purchasing an additional 57,693 shares during the last quarter. Norges Bank acquired a new position in shares of Zillow Group in the 4th quarter valued at $165,326,000. Dimensional Fund Advisors LP lifted its stake in shares of Zillow Group by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company’s stock valued at $31,578,000 after purchasing an additional 27,345 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Zillow Group by 101.3% in the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after purchasing an additional 211,482 shares during the last quarter. Finally, Selkirk Management LLC lifted its stake in shares of Zillow Group by 14.0% in the 4th quarter. Selkirk Management LLC now owns 365,800 shares of the technology company’s stock valued at $25,917,000 after purchasing an additional 45,000 shares during the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZG has been the subject of several recent research reports. DA Davidson reduced their price target on Zillow Group from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Barclays reduced their price target on Zillow Group from $64.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, May 8th. Wedbush reiterated an “outperform” rating and set a $90.00 price target (down from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th. Evercore ISI lifted their price target on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group reduced their price target on Zillow Group from $77.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.80.

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.