Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo Sells 11,725 Shares

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) COO Jun Choo sold 11,725 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $68.77, for a total transaction of $806,328.25. Following the transaction, the chief operating officer now owns 130,186 shares in the company, valued at $8,952,891.22. The trade was a 8.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $68.65, for a total value of $211,991.20.
• On Monday, May 12th, Jun Choo sold 10,000 shares of Zillow Group stock. The shares were sold at an average price of $70.65, for a total value 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 shares were sold at an average price of $77.72, for a total transaction of $99,248.44.

Zillow Group Price Performance

Shares of NASDAQ ZG traded up $1.54 during midday trading on Friday, reaching $68.76. 475,465 shares of the company traded hands, compared to its average volume of 562,811. The company has a market cap of $16.68 billion, a price-to-earnings ratio of -146.30, a PEG ratio of 8.90 and a beta of 2.22. The stock has a 50-day moving average price of $66.00 and a 200 day moving average price of $71.61. Zillow Group, Inc. has a 52 week low of $38.40 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted 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). The company had revenue of $598.00 million during the quarter, compared to the consensus estimate 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 was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. As a group, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZG. JPMorgan Chase & Co. boosted its holdings in shares of Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock valued at $1,753,000 after purchasing an additional 5,539 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Zillow Group by 136.3% in the 4th quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock valued at $1,628,000 after acquiring an additional 13,255 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Zillow Group by 4.9% in the 4th quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company's stock worth $1,219,000 after purchasing an additional 801 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Zillow Group by 2.5% during the 4th quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock valued at $17,505,000 after purchasing an additional 6,088 shares in the last quarter. Institutional investors own 20.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ZG. UBS Group reduced their target price on Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Barclays reduced their price objective on shares of Zillow Group from $64.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, May 8th. Wedbush restated an "outperform" rating and issued a $90.00 target price (down previously from $100.00) on shares of Zillow Group in a research note on Thursday, May 8th. Evercore ISI lifted their price target on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Susquehanna boosted their price objective on Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $81.80.

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.