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

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total value of $751,000.00. Following the sale, the chief operating officer now owns 88,130 shares of the company’s stock, valued at $6,618,563. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Trading Up 1.5 %

Shares of Z stock traded up $1.27 during trading hours on Friday, reaching $83.42. 742,341 shares of the stock traded hands, compared to its average volume of 3,752,008. The business has a fifty day moving average price of $64.82 and a 200 day moving average price of $53.85. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $83.76. The firm has a market capitalization of $19.48 billion, a PE ratio of -144.12 and a beta of 1.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of Z. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Zillow Group in the 3rd quarter worth approximately $35,000. Larson Financial Group LLC raised its stake in Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares during the last quarter. Blue Trust Inc. raised its position in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley boosted their price objective on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

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.