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 activity on Friday. Traders bought 24,955 call options on the stock. This represents an increase of 281% compared to the typical daily volume of 6,546 call options.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, insider Dan Spaulding sold 5,534 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $381,735.32. Following the sale, the insider now directly owns 68,889 shares of the company's stock, valued at approximately $4,751,963.22. This represents a 7.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now directly owns 58,320 shares in the company, valued at $3,969,259.20. This trade represents a 9.32% 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. Company insiders own 23.76% of the company's stock.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC bought a new position in shares of Zillow Group during the 4th quarter valued at about $211,000. Atomi Financial Group Inc. boosted its stake in 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 buying an additional 332 shares in the last quarter. SG Americas Securities LLC bought a new position in Zillow Group during the fourth quarter valued at approximately $1,553,000. Donoghue Forlines LLC purchased a new position in shares of Zillow Group during the fourth quarter worth approximately $1,932,000. Finally, Hillman Co. lifted its holdings in shares of Zillow Group by 88.1% in the 4th quarter. Hillman Co. now owns 348,301 shares of the financial services provider's stock worth $25,792,000 after acquiring an additional 163,105 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Price Performance

Shares of Z traded up $0.12 during midday trading on Wednesday, hitting $67.13. 344,604 shares of the company traded hands, compared to its average volume of 3,214,761. Zillow Group has a one year low of $39.05 and a one year high of $89.39. The firm has a market cap of $16.21 billion, a P/E ratio of -142.83, a PEG ratio of 9.24 and a beta of 2.23. The stock has a 50-day moving average of $66.73 and a 200-day moving average of $74.02.

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.