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

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) COO Jun Choo sold 10,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $70.65, for a total value of $706,500.00. Following the completion of the sale, the chief operating officer now owns 120,186 shares of the company's stock, valued at $8,491,140.90. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 Price Performance

Shares of ZG stock traded up $0.15 during midday trading on Thursday, hitting $67.40. The company had a trading volume of 360,400 shares, compared to its average volume of 561,717. The company's 50 day simple moving average is $66.06 and its 200 day simple moving average is $71.36. Zillow Group, Inc. has a 52-week low of $38.40 and a 52-week high of $86.58. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of -143.41, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. Analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Trading of Zillow Group

Institutional investors have recently modified their holdings of the business. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group in the 4th quarter valued at about $27,000. Blue Trust Inc. lifted its stake in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares in the last quarter. National Bank of Canada FI lifted its stake in Zillow Group by 79.4% in the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company's stock valued at $33,000 after buying an additional 216 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Zillow Group in the first quarter worth $42,000. Finally, CX Institutional acquired a new position in shares of Zillow Group in the first quarter worth $46,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on ZG shares. Cantor Fitzgerald increased their price target on Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Piper Sandler increased their price target on Zillow Group from $80.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. William Blair assumed coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating for the company. Benchmark reduced their price objective on Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Bank of America raised their price objective on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.80.

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.