Zillow Group, Inc. (NASDAQ:Z) Insider Sells $209,312.36 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now directly owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zillow Group Price Performance

Shares of Z opened at $68.74 on Friday. The stock has a market capitalization of $16.67 billion, a PE ratio of -146.26, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The business’s fifty day moving average price is $77.28 and its 200 day moving average price is $73.08. 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 quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods initiated coverage on Zillow Group in a research note on Friday. They set a “market perform” rating and a $80.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Groupama Asset Managment acquired a new stake in Zillow Group in the 3rd quarter valued at approximately $83,005,000. Caxton Associates LP bought a new stake in Zillow Group during the 4th quarter valued at $51,835,000. Castle Hook Partners LP acquired a new position in Zillow Group during the 4th quarter worth $49,887,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Zillow Group in the third quarter worth $38,310,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.