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

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 10,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total transaction of $751,000.00. Following the sale, the chief operating officer now owns 88,130 shares of the company’s stock, valued at approximately $6,618,563. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Zillow Group Trading Up 1.9 %

Shares of Zillow Group stock opened at $80.79 on Friday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $81.74. The firm’s 50-day moving average is $63.67 and its 200 day moving average is $52.80.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share. As a group, equities analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZG has been the subject of several research analyst reports. Barclays increased their price objective on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. The Goldman Sachs Group lifted their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Canaccord Genuity Group raised their target price on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Evercore ISI boosted their price target on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.18.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently modified their holdings of ZG. Future Financial Wealth Managment LLC purchased a new stake in shares of Zillow Group during the 3rd quarter valued at about $29,000. EntryPoint Capital LLC purchased a new stake in Zillow Group in the first quarter worth approximately $53,000. Signaturefd LLC boosted its holdings in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the last quarter. GAMMA Investing LLC raised its stake in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new stake in Zillow Group during the 3rd quarter valued at $95,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

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.