Zillow Group, Inc. (NASDAQ:Z) Director Gordon Sheridan Stephenson Sells 10,000 Shares

Zillow Group, Inc. (NASDAQ:Z) Director Gordon Sheridan Stephenson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total value of $706,900.00. Following the completion of the sale, the director now owns 28,290 shares in the company, valued at approximately $1,999,820.10. This represents a 26.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Trading Up 0.0%

NASDAQ:Z opened at $68.27 on Friday. The company has a 50-day moving average of $67.30 and a 200-day moving average of $73.73. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of -145.26, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a twelve month low of $39.05 and a twelve month high of $89.39.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of Z. Vanguard Group Inc. raised its holdings in Zillow Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider’s stock worth $1,548,767,000 after buying an additional 1,628,577 shares during the period. Caxton Associates LP acquired a new stake in shares of Zillow Group during the fourth quarter valued at approximately $51,835,000. Castle Hook Partners LP acquired a new stake in shares of Zillow Group during the fourth quarter valued at approximately $49,887,000. Atreides Management LP purchased a new stake in shares of Zillow Group in the 1st quarter valued at approximately $32,159,000. Finally, Polar Capital Holdings Plc acquired a new position in Zillow Group in the 4th quarter worth approximately $33,504,000. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on Z. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. William Blair initiated coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. lowered their target price on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a report on Wednesday, May 7th. Eight investment 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 stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $83.71.

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.