Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo Sells 10,000 Shares

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) COO Jun Choo sold 10,000 shares of the business's stock in a transaction 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 sale, the chief operating officer now owns 120,186 shares in the company, valued at approximately $8,491,140.90. This trade represents a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, May 14th, Jun Choo sold 3,088 shares of Zillow Group stock. The stock was sold at an average price of $68.65, for a total transaction of $211,991.20.
• On Thursday, May 8th, Jun Choo sold 11,725 shares of Zillow Group stock. The shares were sold at an average price of $68.77, for a total transaction 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 transaction of $4,299,900.00.
• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The shares were sold at an average price of $77.72, for a total value of $99,248.44.

Zillow Group Trading Up 2.3%

Shares of Zillow Group stock traded up $1.54 during trading on Friday, hitting $68.76. 475,465 shares of the stock traded hands, compared to its average volume of 562,811. Zillow Group, Inc. has a 52-week low of $38.40 and a 52-week high of $86.58. The stock's fifty day simple moving average is $66.00 and its 200 day simple moving average is $71.61. The firm has a market cap of $16.68 billion, a P/E ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The business had revenue of $598.00 million for the quarter, compared to analysts' expectations of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The company's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. As a group, equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

ZG has been the topic of several recent analyst reports. Wedbush reaffirmed an "outperform" rating and set a $90.00 price objective (down from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th. Benchmark reduced their price target on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Stephens restated an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. The Goldman Sachs Group decreased their target price on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Susquehanna raised their price target on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZG. Millennium Management LLC grew its position in Zillow Group by 110.8% during the 1st quarter. Millennium Management LLC now owns 290,999 shares of the technology company's stock worth $19,456,000 after purchasing an additional 152,955 shares during the last quarter. EFG Asset Management North America Corp. lifted its stake in shares of Zillow Group by 6.5% during the first quarter. EFG Asset Management North America Corp. now owns 43,245 shares of the technology company's stock worth $2,892,000 after buying an additional 2,653 shares during the period. AQR Capital Management LLC grew its holdings in shares of Zillow Group by 40.5% during the first quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company's stock valued at $862,000 after buying an additional 3,717 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Zillow Group in the 1st quarter valued at $9,998,000. Finally, Trexquant Investment LP acquired a new position in shares of Zillow Group in the 1st quarter valued at $370,000. 20.32% of the stock is owned by institutional investors and hedge funds.

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.