Zillow Group Sees Unusually Large Options Volume (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:Z) was the recipient of some unusual options trading on Tuesday. Investors acquired 23,402 call options on the stock. This is an increase of approximately 29% compared to the typical daily volume of 18,102 call options.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 3,086 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the sale, the insider now owns 48,294 shares of the company’s stock, valued at $2,801,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Jennifer Rock sold 7,352 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total value of $421,196.08. Following the sale, the chief accounting officer now owns 56,384 shares of the company’s stock, valued at approximately $3,230,239.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dan Spaulding sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the transaction, the insider now directly owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock valued at $9,642,508 in the last quarter. Corporate insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Zillow Group during the first quarter valued at approximately $1,539,000. Greencape Capital Pty Ltd lifted its position in shares of Zillow Group by 93.0% during the 1st quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after buying an additional 786,600 shares during the period. Empowered Funds LLC boosted its stake in Zillow Group by 14.6% in the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after buying an additional 606 shares in the last quarter. Coronation Fund Managers Ltd. grew its position in Zillow Group by 70.4% in the first quarter. Coronation Fund Managers Ltd. now owns 255,158 shares of the financial services provider’s stock valued at $12,447,000 after acquiring an additional 105,396 shares during the period. Finally, Avory & Company LLC raised its stake in Zillow Group by 29.1% during the first quarter. Avory & Company LLC now owns 265,128 shares of the financial services provider’s stock worth $12,933,000 after acquiring an additional 59,773 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price target on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. dropped their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. Finally, Wedbush lowered their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.20.

Zillow Group Price Performance

NASDAQ Z opened at $41.65 on Thursday. The stock has a market capitalization of $9.72 billion, a PE ratio of -60.36 and a beta of 1.79. The stock has a 50-day simple moving average of $47.81 and a 200 day simple moving average of $48.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. Zillow Group has a twelve month low of $33.80 and a twelve month high of $61.13.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.42). The company had revenue of $529.00 million for the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same quarter in the previous year, the company earned ($0.06) earnings per share. Research analysts anticipate that Zillow Group will post -0.18 EPS for the current year.

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.