Insider Selling: Zillow Group, Inc. (NASDAQ:Z) Director Sells 20,625 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $67.09 on Friday. The firm has a market cap of $15.53 billion, a PE ratio of -97.23 and a beta of 1.94. The business has a 50-day moving average price of $53.47 and a 200 day moving average price of $48.53. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $68.73.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. Sell-side analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the stock. Accretive Wealth Partners LLC increased its stake in Zillow Group by 4.3% during the 4th quarter. Accretive Wealth Partners LLC now owns 14,977 shares of the financial services provider’s stock worth $867,000 after buying an additional 616 shares in the last quarter. Principal Securities Inc. acquired a new position in Zillow Group in the 4th quarter valued at $53,000. Norges Bank acquired a new position in Zillow Group in the 4th quarter valued at $34,718,000. Gladstone Institutional Advisory LLC purchased a new position in Zillow Group in the 4th quarter valued at $213,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Zillow Group by 13.5% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,730 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 680 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Z has been the subject of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Finally, UBS Group upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.20.

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.