Zillow Group Inc (NASDAQ:Z) Director Sells $1,773,079.68 in Stock

Zillow Group Inc (NASDAQ:Z) Director Erik C. Blachford sold 45,417 shares of Zillow Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $39.04, for a total transaction of $1,773,079.68. Following the completion of the transaction, the director now owns 18,281 shares in the company, valued at $713,690.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ Z traded up $0.71 during trading on Monday, reaching $39.86. The company’s stock had a trading volume of 3,098,051 shares, compared to its average volume of 3,020,906. The company has a current ratio of 3.81, a quick ratio of 2.84 and a debt-to-equity ratio of 0.49. Zillow Group Inc has a twelve month low of $27.71 and a twelve month high of $51.47. The business’s fifty day moving average price is $35.39 and its 200-day moving average price is $39.15.

Zillow Group (NASDAQ:Z) last issued its earnings results on Thursday, November 7th. The financial services provider reported ($0.32) earnings per share for the quarter. The firm had revenue of $745.21 million during the quarter. Zillow Group had a negative net margin of 13.95% and a negative return on equity of 7.20%.

A number of research firms have commented on Z. Morgan Stanley dropped their price objective on shares of Zillow Group from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. ValuEngine lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. KeyCorp dropped their price objective on shares of Zillow Group from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. BidaskClub upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, TheStreet lowered shares of Zillow Group from a “c-” rating to a “d+” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.71.

Several large investors have recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in shares of Zillow Group by 1.1% in the second quarter. Baillie Gifford & Co. now owns 11,564,525 shares of the financial services provider’s stock valued at $536,480,000 after acquiring an additional 128,756 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Zillow Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 9,814,560 shares of the financial services provider’s stock valued at $455,298,000 after acquiring an additional 58,454 shares in the last quarter. SRS Investment Management LLC boosted its holdings in shares of Zillow Group by 35.4% in the second quarter. SRS Investment Management LLC now owns 5,960,740 shares of the financial services provider’s stock valued at $276,519,000 after acquiring an additional 1,556,872 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Zillow Group by 54.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,448,059 shares of the financial services provider’s stock valued at $162,461,000 after acquiring an additional 1,912,042 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its holdings in shares of Zillow Group by 39.5% in the third quarter. Nikko Asset Management Americas Inc. now owns 4,995,861 shares of the financial services provider’s stock valued at $148,977,000 after acquiring an additional 1,414,639 shares in the last quarter. 69.86% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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