Insider Selling: Zillow Group, Inc. (NASDAQ:Z) COO Sells 11,725 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) COO Jun Choo sold 11,725 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25. Following the completion of the transaction, the chief operating officer now owns 130,186 shares in the company, valued at approximately $8,952,891.22. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, May 12th, Jun Choo sold 10,000 shares of Zillow Group stock. The stock was sold at an average price of $70.65, for a total transaction of $706,500.00.
• 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 transaction 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 Trading Up 0.3%

Zillow Group stock traded up $0.23 during midday trading on Thursday, hitting $68.49. 895,841 shares of the stock were exchanged, compared to its average volume of 3,247,254. Zillow Group, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $89.39. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of -145.75, a PEG ratio of 9.24 and a beta of 2.23. The stock's 50-day simple moving average is $67.38 and its 200 day simple moving average is $73.67.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on Z shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Finally, Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently modified their holdings of the company. IFP Advisors Inc grew its position in shares of Zillow Group by 288.9% in the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after buying an additional 338 shares during the last quarter. National Pension Service boosted its stake in Zillow Group by 74.8% during the 1st quarter. National Pension Service now owns 577 shares of the financial services provider's stock worth $40,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC boosted its stake in Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after purchasing an additional 196 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Zillow Group during the 1st quarter worth $49,000. Finally, National Bank of Canada FI acquired a new stake in Zillow Group during the 4th quarter worth $55,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.