Insider Selling: Zillow Group, Inc. (NASDAQ:Z) COO Sells 55,000 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jun Choo also recently made the following trade(s):

• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The shares were sold at an average price of $77.72, for a total value of $99,248.44.

Zillow Group Stock Down 3.1 %

NASDAQ:Z opened at $74.28 on Tuesday. The firm has a market capitalization of $18.02 billion, a P/E ratio of -158.04, a P/E/G ratio of 9.24 and a beta of 2.03. The company has a fifty day moving average of $78.27 and a 200 day moving average of $70.81. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data 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%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC bought a new position in Zillow Group in the 3rd quarter worth $204,000. Assenagon Asset Management S.A. bought a new position in Zillow Group in the third quarter worth about $301,000. abrdn plc lifted its holdings in Zillow Group by 98.0% in the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after buying an additional 24,247 shares during the period. First Trust Direct Indexing L.P. purchased a new stake in Zillow Group in the third quarter worth about $215,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Zillow Group by 5.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 18,373 shares of the financial services provider’s stock worth $1,173,000 after acquiring an additional 876 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on Z. Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Morgan Stanley lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

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.