Jun Choo Sells 25,575 Shares of Zillow Group (NASDAQ:ZG) Stock

Key Points

• COO Jun Choo of Zillow Group sold 25,575 shares on September 8th for a total of $2,328,859.50, reducing their ownership by 18.31%.
• Zillow Group reported a negative earnings per share of $0.40 for the last quarter, missing the consensus estimate by $0.04, but showed a year-over-year revenue growth of 14.5%.
• Brokerage analysts have mixed ratings for Zillow Group, with a current average target price of $85.62, including thirteen Buy ratings and one Sell rating.

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) COO Jun Choo sold 25,575 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following the sale, the chief operating officer owned 114,129 shares in the company, valued at $10,392,586.74. The trade was a 18.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

Zillow Group stock traded down $1.34 during midday trading on Wednesday, reaching $82.51. 530,713 shares of the stock were exchanged, compared to its average volume of 505,149. The company's fifty day moving average is $78.39 and its 200-day moving average is $71.20. Zillow Group, Inc. has a 52 week low of $52.17 and a 52 week high of $88.45. The firm has a market cap of $19.99 billion, a PE ratio of -317.35, a PEG ratio of 8.79 and a beta of 2.02.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $655.00 million during the quarter, compared to analysts' expectations of $647.06 million. Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The business's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Zillow Group

Several large investors have recently added to or reduced their stakes in ZG. Northern Trust Corp lifted its position in Zillow Group by 2.5% during the 4th quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock valued at $17,505,000 after acquiring an additional 6,088 shares during the period. Centiva Capital LP bought a new position in shares of Zillow Group during the fourth quarter valued at approximately $278,000. Cetera Investment Advisers purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $228,000. Graham Capital Management L.P. bought a new stake in shares of Zillow Group in the 4th quarter worth approximately $1,530,000. Finally, Maven Securities LTD grew its stake in shares of Zillow Group by 79.5% in the 4th quarter. Maven Securities LTD now owns 25,839 shares of the technology company's stock worth $1,831,000 after buying an additional 11,446 shares during the last quarter. Institutional investors own 20.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ZG. Royal Bank Of Canada raised their price objective on Zillow Group from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Susquehanna restated a "neutral" rating on shares of Zillow Group in a report on Friday, August 8th. Canaccord Genuity Group upped their price objective on shares of Zillow Group from $76.00 to $84.00 and gave the company a "hold" rating in a research note on Thursday, August 7th. Barclays reiterated an "underweight" rating and issued a $66.00 target price (up previously from $60.00) on shares of Zillow Group in a research report on Thursday, August 7th. Finally, KeyCorp restated an "overweight" rating and set a $92.00 price target (up from $90.00) on shares of Zillow Group in a research report on Thursday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $85.62.

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.

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