Jun Choo Sells 11,725 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 11,725 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the transaction, the chief operating officer now owns 130,186 shares of the company’s stock, valued at approximately $8,952,891.22. This represents a 8.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, May 12th, Jun Choo sold 10,000 shares of Zillow Group stock. The shares were sold at an average price of $70.65, for a total value of $706,500.00.
• On Thursday, February 27th, Jun Choo sold 55,000 shares of Zillow Group stock. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00.
• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The shares were sold at an average price of $77.72, for a total value of $99,248.44.

Zillow Group Trading Down 1.3%

Shares of NASDAQ Z opened at $70.29 on Wednesday. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of -149.55, a P/E/G ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 1-year low of $39.05 and a 1-year high of $89.39. The stock’s 50-day moving average is $67.53 and its 200 day moving average is $73.71.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) 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%. On average, analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Z has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. Keefe, Bruyette & Woods lowered 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. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.71.

Hedge Funds Weigh In On Zillow Group

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Zillow Group by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider’s stock worth $1,548,767,000 after buying an additional 1,628,577 shares during the last quarter. Ninety One UK Ltd grew its position in shares of Zillow Group by 11.4% in the 1st quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider’s stock worth $276,263,000 after buying an additional 411,742 shares during the last quarter. Dorsal Capital Management LP grew its position in shares of Zillow Group by 4.7% in the 4th quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider’s stock worth $248,068,000 after buying an additional 150,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Zillow Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider’s stock worth $212,745,000 after buying an additional 28,728 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Zillow Group by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,584,537 shares of the financial services provider’s stock worth $108,636,000 after buying an additional 45,828 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.