Zillow Group, Inc. (NASDAQ:Z) COO Sells $241,854.74 in Stock

Key Points

• Jun Choo, the COO of Zillow Group, sold 2,969 shares of stock valued at $241,854.74 on August 13, reducing his ownership by 2.54% to a total of 114,129 shares.
• Following the recent stock sale, Zillow Group shares are currently trading at $85.11, with a market capitalization of $20.55 billion.
• Analysts have mixed ratings for Zillow Group, with eight analysts rating it as a hold, four as a buy, and a consensus price target of $88.29.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) COO Jun Choo sold 2,969 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $81.46, for a total value of $241,854.74. Following the transaction, the chief operating officer directly owned 114,129 shares in the company, valued at $9,296,948.34. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, August 7th, Jun Choo sold 45,710 shares of Zillow Group stock. The stock was sold at an average price of $85.21, for a total value of $3,894,949.10.

Zillow Group Price Performance

Shares of NASDAQ:Z traded down $0.16 during trading hours on Friday, hitting $85.11. 2,391,941 shares of the company's stock traded hands, compared to its average volume of 2,682,273. The firm has a market capitalization of $20.55 billion, a P/E ratio of -327.35, a price-to-earnings-growth ratio of 13.78 and a beta of 2.09. The business has a fifty day moving average price of $75.67 and a 200-day moving average price of $72.80. Zillow Group, Inc. has a 1 year low of $52.45 and a 1 year high of $89.39.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on Z shares. William Blair started coverage on Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. Keefe, Bruyette & Woods reduced their target price on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research note on Monday, April 28th. Bank of America boosted their price objective on Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Wedbush reissued an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research note on Monday, May 5th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $88.29.

Institutional Trading of Zillow Group

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Zillow Group by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider's stock worth $1,548,767,000 after acquiring an additional 1,628,577 shares in the last quarter. Eminence Capital LP lifted its stake in shares of Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider's stock worth $278,710,000 after purchasing an additional 1,546,577 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of Zillow Group during the 2nd quarter worth $57,021,000. Ninety One UK Ltd lifted its stake in shares of Zillow Group by 17.4% during the 2nd quarter. Ninety One UK Ltd now owns 4,731,948 shares of the financial services provider's stock worth $331,473,000 after purchasing an additional 702,445 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Zillow Group during the 4th quarter worth $51,835,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

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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