Zillow Group, Inc. (NASDAQ:ZG) COO Sells $806,328.25 in Stock

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 11,725 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25. Following the transaction, the chief operating officer now directly owns 130,186 shares of the company’s stock, valued at approximately $8,952,891.22. This trade represents a 8.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, May 12th, Jun Choo sold 10,000 shares of Zillow Group stock. The stock was sold at an average price of $70.65, for a total transaction 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 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 Trading Down 2.9%

NASDAQ ZG opened at $67.25 on Thursday. Zillow Group, Inc. has a 1-year low of $38.40 and a 1-year high of $86.58. The firm’s fifty day simple moving average is $66.06 and its 200-day simple moving average is $71.36. The company has a market capitalization of $16.31 billion, a PE ratio of -143.09, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same period in the previous year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Bank of America lifted their target price on Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Zillow Group to a “hold” rating in a research report on Friday, March 28th. Stephens restated an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Canaccord Genuity Group reduced their price objective on shares of Zillow Group from $86.00 to $76.00 and set a “hold” rating for the company in a research note on Monday, May 5th. Finally, Wedbush reissued an “outperform” rating and issued a $90.00 target price (down from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $81.80.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in ZG. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group in the fourth quarter worth about $27,000. Blue Trust Inc. increased its holdings in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Zillow Group by 79.4% in the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after acquiring an additional 216 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in Zillow Group in the 1st quarter worth approximately $42,000. Finally, Asset Dedication LLC acquired a new stake in Zillow Group in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

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.