Zillow Group Target of Unusually Large Options Trading (Z)

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Zillow Group Inc (NASDAQ:Z) was the target of some unusual options trading on Thursday. Investors purchased 13,412 put options on the stock. This represents an increase of 1,219% compared to the typical volume of 1,017 put options.

In related news, insider Greg M. Schwartz sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $31.44, for a total value of $169,776.00. Following the transaction, the insider now directly owns 1,800 shares of the company’s stock, valued at approximately $56,592. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO David A. Beitel sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $36.38, for a total value of $26,484.64. Following the completion of the transaction, the chief technology officer now directly owns 39,686 shares in the company, valued at $1,443,776.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,765 shares of company stock valued at $219,439. 58.08% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of Z. Highwater Wealth Management LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $26,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $28,000. IFP Advisors Inc increased its stake in shares of Zillow Group by 522.9% during the fourth quarter. IFP Advisors Inc now owns 1,059 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 889 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in shares of Zillow Group during the fourth quarter worth approximately $44,000. Finally, Advisor Group Inc. increased its stake in shares of Zillow Group by 30.1% during the fourth quarter. Advisor Group Inc. now owns 1,447 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 335 shares during the period. 61.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Zillow Group stock opened at $35.04 on Friday. Zillow Group has a 1 year low of $26.38 and a 1 year high of $65.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72.

Z has been the topic of a number of research reports. BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Craig Hallum upgraded Zillow Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $50.00 in a research report on Thursday, November 29th. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. UBS Group cut Zillow Group to a “neutral” rating in a research report on Wednesday, November 7th. Finally, Needham & Company LLC initiated coverage on Zillow Group in a research report on Tuesday, January 8th. They set a “hold” rating and a $30.85 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $46.76.

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Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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