Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock Sells 5,997 Shares

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the sale, the chief accounting officer now directly owns 58,320 shares of the company's stock, valued at $3,969,259.20. The trade was a 9.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, February 12th, Jennifer Rock sold 5,796 shares of Zillow Group stock. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00.

Zillow Group Price Performance

Zillow Group stock traded up $0.23 during midday trading on Thursday, hitting $68.49. The company's stock had a trading volume of 895,841 shares, compared to its average volume of 3,247,254. Zillow Group, Inc. has a 1-year low of $39.05 and a 1-year high of $89.39. The company has a 50-day moving average price of $67.38 and a two-hundred day moving average price of $73.67. The company has a market cap of $16.61 billion, a price-to-earnings ratio of -145.75, a PEG ratio of 9.24 and a beta of 2.23.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in shares of Zillow Group by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 11,833 shares of the financial services provider's stock valued at $887,000 after purchasing an additional 1,112 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Zillow Group during the 4th quarter valued at approximately $754,000. Rosenberg Matthew Hamilton grew its holdings in shares of Zillow Group by 17.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 245 shares during the last quarter. Accurate Wealth Management LLC grew its holdings in Zillow Group by 25.6% during the 4th quarter. Accurate Wealth Management LLC now owns 28,657 shares of the financial services provider's stock worth $2,041,000 after acquiring an additional 5,841 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Zillow Group by 1,309.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 66,371 shares of the financial services provider's stock worth $4,915,000 after acquiring an additional 61,663 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on Z shares. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price 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. Wedbush restated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.71.

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.