Zillow Group Target of Unusually High Options Trading (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) was the target of unusually large options trading on Friday. Traders purchased 24,955 call options on the stock. This represents an increase of 281% compared to the typical daily volume of 6,546 call options.

Insider Buying and Selling

In other news, CEO Jeremy Wacksman sold 10,984 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $757,676.32. Following the completion of the transaction, the chief executive officer now directly owns 171,517 shares of the company's stock, valued at approximately $11,831,242.66. This represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 55,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,790,167.54. The trade was a 38.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,741 shares of company stock worth $11,414,034 in the last ninety days. 25.03% of the stock is owned by insiders.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new position in Zillow Group during the fourth quarter valued at $211,000. Atomi Financial Group Inc. increased its holdings in shares of Zillow Group by 2.4% in the fourth quarter. Atomi Financial Group Inc. now owns 14,268 shares of the financial services provider's stock worth $1,057,000 after purchasing an additional 332 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Zillow Group in the fourth quarter worth about $1,553,000. Donoghue Forlines LLC bought a new position in Zillow Group during the fourth quarter valued at approximately $1,932,000. Finally, Hillman Co. boosted its stake in Zillow Group by 88.1% during the fourth quarter. Hillman Co. now owns 348,301 shares of the financial services provider's stock valued at $25,792,000 after buying an additional 163,105 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Up 0.9%

Z traded up $0.60 during trading on Friday, hitting $65.63. The company's stock had a trading volume of 657,441 shares, compared to its average volume of 3,224,329. Zillow Group has a one year low of $39.05 and a one year high of $89.39. The business's 50 day simple moving average is $66.97 and its 200-day simple moving average is $73.99. The firm has a market cap of $15.85 billion, a PE ratio of -139.64, a P/E/G ratio of 9.24 and a beta of 2.23.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods dropped their target price on shares of 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 shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Wedbush reiterated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

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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