Zillow Group, Inc. (NASDAQ:Z) Insider Sells $541,475.24 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zillow Group Price Performance

Shares of Z stock opened at $79.97 on Friday. The stock has a 50-day moving average price of $78.64 and a 200 day moving average price of $68.55. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of -140.30, a PEG ratio of 16.20 and a beta of 2.03. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39.

Zillow Group (NASDAQ:Z) last posted its earnings results 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 2.33% and a negative net margin of 6.17%. Research analysts expect that Zillow Group, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on Z shares. Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Jefferies Financial Group lifted their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the 3rd quarter worth about $35,000. Blue Trust Inc. grew its position in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the period. National Bank of Canada FI acquired a new position in shares of Zillow Group during the 4th quarter worth about $55,000. Finally, Assetmark Inc. grew its position in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after buying an additional 741 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.