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

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the sale, the chief operating officer now owns 88,130 shares of the company’s stock, valued at $6,618,563. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Zillow Group Stock Up 5.2 %

Shares of ZG traded up $3.93 on Thursday, hitting $78.93. The company’s stock had a trading volume of 643,032 shares, compared to its average volume of 626,993. The firm’s fifty day moving average price is $62.73 and its 200-day moving average price is $52.27. Zillow Group, Inc. has a fifty-two week low of $37.34 and a fifty-two week high of $79.75. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of -138.47 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. On average, equities research analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZG. Future Financial Wealth Managment LLC bought a new stake in Zillow Group during the 3rd quarter worth about $29,000. EntryPoint Capital LLC bought a new stake in Zillow Group during the first quarter worth about $53,000. GAMMA Investing LLC boosted its position in Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in Zillow Group in the third quarter valued at approximately $95,000. Finally, Signaturefd LLC increased its position in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Evercore ISI lifted their target price on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Citigroup upped their price target on Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Craig Hallum upped their target price on shares of Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, DA Davidson increased their price objective on shares of Zillow Group from $71.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

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.