Zillow Group, Inc. (NASDAQ:Z) COO Sells $706,500.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $70.65, for a total value of $706,500.00. Following the completion of the transaction, the chief operating officer now directly owns 120,186 shares of the company’s stock, valued at $8,491,140.90. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, May 8th, Jun Choo sold 11,725 shares of Zillow Group stock. The shares were 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 transaction of $99,248.44.

Zillow Group Stock Performance

Z stock opened at $68.26 on Thursday. The company has a 50 day moving average price of $67.38 and a two-hundred day moving average price of $73.67. The stock has a market capitalization of $16.56 billion, a P/E ratio of -145.23, a PEG ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a one year low of $39.05 and a one year high of $89.39.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on Z shares. William Blair started coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a “market perform” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reduced their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 7th. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.71.

Hedge Funds Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in shares of Zillow Group by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after buying an additional 11,727 shares during the period. Proficio Capital Partners LLC acquired a new position in Zillow Group in the fourth quarter valued at $7,375,000. Vinva Investment Management Ltd purchased a new stake in Zillow Group during the fourth quarter valued at about $1,187,000. Donoghue Forlines LLC purchased a new stake in Zillow Group during the fourth quarter valued at about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Zillow Group by 18.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock worth $3,267,000 after acquiring an additional 6,900 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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.