Zillow Group (NASDAQ:Z) COO Sells $2,328,859.50 in Stock

Key Points

• Zillow Group's COO, Jun Choo, sold 25,575 shares of stock at an average price of $91.06, resulting in a total transaction value of approximately $2.33 million, decreasing his ownership by 18.31%.
• After the sale, Choo still owns 114,129 shares valued at around $10.39 million, and the stock has a current trading price of $85.71, down 1.7% in recent trading.
• Wall Street analysts have issued a consensus rating of "Moderate Buy" for Zillow Group, with an average price target of $88.29, reflecting a mix of ratings with one strong buy, four buy, and seven hold ratings.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) COO Jun Choo sold 25,575 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $91.06, for a total value of $2,328,859.50. Following the completion of the transaction, the chief operating officer directly owned 114,129 shares in the company, valued at $10,392,586.74. The trade was a 18.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, August 13th, Jun Choo sold 2,969 shares of Zillow Group stock. The shares were sold at an average price of $81.46, for a total value of $241,854.74.
• On Thursday, August 7th, Jun Choo sold 45,710 shares of Zillow Group stock. The shares were sold at an average price of $85.21, for a total value of $3,894,949.10.

Zillow Group Stock Performance

NASDAQ:Z traded down $0.66 during mid-day trading on Monday, hitting $87.12. The company had a trading volume of 1,599,980 shares, compared to its average volume of 2,350,380. Zillow Group, Inc. has a fifty-two week low of $57.00 and a fifty-two week high of $91.93. The business's fifty day moving average is $82.34 and its two-hundred day moving average is $73.32. The firm has a market cap of $21.11 billion, a P/E ratio of -335.08, a P/E/G ratio of 24.44 and a beta of 2.04.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Bank of America raised their price target on Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Zillow Group presently has a consensus rating of "Moderate Buy" and an average price target of $88.29.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently modified their holdings of the business. TD Private Client Wealth LLC raised its position in shares of Zillow Group by 352.0% during the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider's stock worth $32,000 after purchasing an additional 352 shares during the period. IFP Advisors Inc grew its holdings in shares of Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock worth $31,000 after buying an additional 338 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider's stock worth $35,000 after buying an additional 185 shares in the last quarter. National Pension Service grew its holdings in shares of Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider's stock worth $40,000 after buying an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

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.