Zillow Group Sees Unusually Large Options Volume (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) saw unusually large options trading activity on Tuesday. Traders acquired 23,402 call options on the stock. This represents an increase of 29% compared to the average volume of 18,102 call options.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now owns 168,863 shares of the company's stock, valued at approximately $8,375,604.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares of the company's stock, valued at approximately $8,375,604.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 7,352 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the completion of the transaction, the chief accounting officer now directly owns 56,384 shares in the company, valued at $3,230,239.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,289 shares of company stock worth $9,642,508. Company insiders own 23.76% of the company's stock.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in Zillow Group by 203.1% in the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider's stock valued at $159,285,000 after acquiring an additional 2,312,241 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Zillow Group by 7,507.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider's stock valued at $55,301,000 after purchasing an additional 1,118,782 shares during the last quarter. Greencape Capital Pty Ltd raised its holdings in shares of Zillow Group by 93.0% during the 1st quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider's stock valued at $79,647,000 after buying an additional 786,600 shares in the last quarter. Norges Bank purchased a new stake in Zillow Group in the fourth quarter worth approximately $34,718,000. Finally, Ninety One UK Ltd boosted its stake in Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider's stock worth $109,898,000 after buying an additional 431,070 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on Z. JPMorgan Chase & Co. lowered their target price on Zillow Group from $65.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, May 2nd. Wedbush lowered their price objective on shares of Zillow Group from $60.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group upped their price target on shares of Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $56.20.

Zillow Group Stock Performance

NASDAQ Z traded up $1.42 during trading hours on Tuesday, reaching $43.12. 6,777,268 shares of the company were exchanged, compared to its average volume of 3,984,849. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $10.07 billion, a P/E ratio of -62.75 and a beta of 1.79. Zillow Group has a 1 year low of $33.80 and a 1 year high of $61.13. The business's 50 day simple moving average is $48.32 and its 200-day simple moving average is $48.95.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The business had revenue of $529.00 million during the quarter, compared to analysts' expectations of $509.30 million. During the same quarter in the previous year, the business earned ($0.06) EPS. On average, equities research analysts expect that Zillow Group will post -0.18 earnings per share for the current year.

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.