Insider Selling: Zillow Group, Inc. (NASDAQ:Z) COO Sells $4,299,900.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 55,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Price Performance

NASDAQ:Z opened at $76.91 on Thursday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The stock has a market cap of $18.66 billion, a P/E ratio of -163.64, a PEG ratio of 9.24 and a beta of 2.03. The firm has a 50-day moving average of $78.16 and a two-hundred day moving average of $71.10.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on Z. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley raised their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in Zillow Group by 179.5% in 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 position in shares of Zillow Group in the 3rd quarter worth approximately $83,005,000. Caxton Associates LP bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $51,835,000. Castle Hook Partners LP acquired a new stake in shares of Zillow Group during the 4th quarter valued at approximately $49,887,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zillow Group during the third quarter worth $38,310,000. Institutional investors 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.