Zillow Group, Inc. (NASDAQ:Z) COO Sells $706,500.00 in Stock

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) COO Jun Choo sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $70.65, for a total transaction of $706,500.00. Following the transaction, the chief operating officer now directly owns 120,186 shares of the company's stock, valued at $8,491,140.90. This represents a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, May 8th, Jun Choo sold 11,725 shares of Zillow Group stock. The stock was sold at an average price of $68.77, for a total value of $806,328.25.
• On Thursday, February 27th, Jun Choo sold 55,000 shares of Zillow Group stock. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00.
• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44.

Zillow Group Price Performance

Shares of NASDAQ:Z traded up $0.23 during trading on Thursday, hitting $68.49. 895,841 shares of the company's stock were exchanged, compared to its average volume of 3,247,254. Zillow Group, Inc. has a 52-week low of $39.05 and a 52-week high of $89.39. The business's 50-day simple moving average is $67.38 and its 200 day simple moving average is $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 released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on Z shares. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced their price objective on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upped 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. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Finally, William Blair started coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Eight investment 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 presently has a consensus rating of "Moderate Buy" and an average target price of $83.71.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after purchasing an additional 116 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of Zillow Group by 3.4% in the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 137 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Zillow Group by 2.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock valued at $529,000 after purchasing an additional 148 shares during the last quarter. Finally, DoubleLine ETF Adviser LP lifted its stake in shares of Zillow Group by 1.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock valued at $805,000 after purchasing an additional 163 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

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.