Zillow Group, Inc. (NASDAQ:Z) COO Sells $3,894,949.10 in Stock

Key Points

• Zillow Group's COO, Jun Choo, sold 45,710 shares of the stock for approximately $3.89 million, reducing his position by 28.08% to 117,098 shares.
• As of the latest trading session, Zillow Group shares traded down 1.9% to $79.40, with a market cap of $19.17 billion.
• Research analysts have given Zillow Group a consensus rating of "Hold," with an average price target of $88.29, indicating potential for growth according to some analysts.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) COO Jun Choo sold 45,710 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $85.21, for a total value of $3,894,949.10. Following the transaction, the chief operating officer directly owned 117,098 shares of the company's stock, valued at $9,977,920.58. This represents a 28.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, May 14th, Jun Choo sold 3,088 shares of Zillow Group stock. The shares were sold at an average price of $68.65, for a total value of $211,991.20.

Zillow Group Stock Up 4.9%

Z traded up $3.89 during midday trading on Wednesday, hitting $84.06. 2,970,178 shares of the company traded hands, compared to its average volume of 2,658,953. The firm has a market capitalization of $20.30 billion, a PE ratio of -323.33, a price-to-earnings-growth ratio of 12.90 and a beta of 2.09. The company's 50-day moving average is $75.06 and its 200 day moving average is $72.69. Zillow Group, Inc. has a 52 week low of $51.94 and a 52 week high of $89.39.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Finally, William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating for the company. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $88.29.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of Z. Vanguard Group Inc. grew its holdings in shares of Zillow Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider's stock valued at $1,548,767,000 after purchasing an additional 1,628,577 shares in the last quarter. Ninety One UK Ltd lifted its holdings in 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 valued at $331,473,000 after buying an additional 702,445 shares in the last quarter. Caxton Associates LP bought a new stake in shares of Zillow Group in the fourth quarter valued at about $51,835,000. Castle Hook Partners LP bought a new stake in shares of Zillow Group in the fourth quarter valued at about $49,887,000. Finally, Atreides Management LP bought a new stake in shares of Zillow Group in the first quarter valued at about $32,159,000. 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.