Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CAO Sells $408,155.82 in Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 5,997 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the sale, the chief accounting officer now directly owns 58,320 shares in the company, valued at $3,969,259.20. This trade represents a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, February 12th, Jennifer Rock sold 5,796 shares of Zillow Group stock. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $70.29 on Wednesday. The company has a market cap of $17.05 billion, a P/E ratio of -149.55, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $89.39. The firm has a 50-day simple moving average of $67.53 and a two-hundred day simple moving average of $73.71.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. Equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

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

Analyst Ratings Changes

Several brokerages recently issued reports on Z. Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 7th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Zillow Group from $93.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.