Zillow Group (NASDAQ:Z) Director Thielke Claire Cormier Sells 241 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) Director Thielke Claire Cormier sold 241 shares of Zillow Group stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total transaction of $17,474.91. Following the completion of the transaction, the director directly owned 242 shares in the company, valued at $17,547.42. This represents a 49.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zillow Group Stock Up 0.0%

Zillow Group stock traded up $0.01 during mid-day trading on Friday, hitting $75.53. The company’s stock had a trading volume of 248,227 shares, compared to its average volume of 2,709,833. The stock has a market capitalization of $18.28 billion, a P/E ratio of -539.43, a P/E/G ratio of 29.89 and a beta of 2.10. Zillow Group, Inc. has a twelve month low of $57.51 and a twelve month high of $93.88. The stock’s fifty day moving average price is $73.42 and its two-hundred day moving average price is $76.01.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The company had revenue of $729.00 million during the quarter, compared to analysts’ expectations of $670.28 million. Equities analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Scge Management L.P. acquired a new position in shares of Zillow Group during the 3rd quarter worth about $133,990,000. Vanguard Group Inc. increased its position in Zillow Group by 7.8% during the first 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 last quarter. Eminence Capital LP lifted its position in shares of Zillow Group by 63.6% in the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock valued at $278,710,000 after buying an additional 1,546,577 shares during the last quarter. Soma Equity Partners LP boosted its stake in shares of Zillow Group by 389.5% during the 3rd quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock worth $113,147,000 after acquiring an additional 1,168,492 shares during the period. Finally, Holocene Advisors LP acquired a new position in shares of Zillow Group during the 2nd quarter worth approximately $57,021,000. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on Z shares. Mizuho raised Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Gordon Haskett raised Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Bank of America boosted their target price on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.14.

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.