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

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 11,725 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the sale, the chief operating officer now directly owns 130,186 shares of the company’s stock, valued at $8,952,891.22. The trade was a 8.26% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Stock Up 4.8%

Z stock traded up $3.28 during midday trading on Monday, hitting $71.21. The company’s stock had a trading volume of 3,637,539 shares, compared to its average volume of 3,266,602. The stock’s 50-day moving average price is $67.72 and its 200 day moving average price is $73.66. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of -151.51, a PEG ratio of 9.24 and a beta of 2.23.

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 the consensus estimate 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%. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. lifted its stake in Zillow Group by 71.6% in the first quarter. Invesco Ltd. now owns 502,403 shares of the financial services provider’s stock valued at $34,445,000 after purchasing an additional 209,614 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in Zillow Group in the first quarter valued at approximately $483,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Zillow Group by 22.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 246,115 shares of the financial services provider’s stock valued at $16,874,000 after purchasing an additional 45,635 shares during the last quarter. Forsta AP Fonden lifted its stake in Zillow Group by 102.3% in the first quarter. Forsta AP Fonden now owns 69,000 shares of the financial services provider’s stock valued at $4,731,000 after purchasing an additional 34,900 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Zillow Group by 3.8% in the first quarter. Swiss National Bank now owns 450,734 shares of the financial services provider’s stock valued at $30,902,000 after purchasing an additional 16,600 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research note on Wednesday, May 7th. Wells Fargo & Company upgraded Zillow Group to a “hold” rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. cut 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. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $83.71.

About Zillow Group

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.