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

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 10,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $70.65, for a total transaction of $706,500.00. Following the completion of the transaction, the chief operating officer now owns 120,186 shares in the company, valued at approximately $8,491,140.90. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jun Choo also recently made the following trade(s):

• On Thursday, May 8th, Jun Choo sold 11,725 shares of Zillow Group stock. The stock was sold at an average price of $68.77, for a total transaction of $806,328.25.
• On Thursday, February 27th, Jun Choo sold 55,000 shares of Zillow Group stock. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00.
• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44.

Zillow Group Stock Down 1.3%

Shares of Zillow Group stock opened at $70.29 on Wednesday. Zillow Group, Inc. has a 52 week low of $39.05 and a 52 week high of $89.39. The firm has a market capitalization of $17.05 billion, a P/E ratio of -149.55, a PEG ratio of 9.24 and a beta of 2.23. The company has a 50 day moving average price of $67.53 and a 200 day moving average price of $73.71.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew its stake in shares of Zillow Group by 288.9% during the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares during the period. National Pension Service grew its stake in shares of Zillow Group by 74.8% during the 1st quarter. National Pension Service now owns 577 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC grew its stake in shares of Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Zillow Group during the 1st quarter worth approximately $49,000. Finally, National Bank of Canada FI acquired a new stake in shares of Zillow Group during the 4th quarter worth approximately $55,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Z has been the topic of several recent research reports. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. JPMorgan Chase & Co. decreased their price target on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Keefe, Bruyette & Woods decreased their price target on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.71.

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.