Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CTO Sells 2,025 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Up 0.8 %

Shares of Z traded up $0.61 during mid-day trading on Tuesday, hitting $80.58. The company's stock had a trading volume of 2,013,912 shares, compared to its average volume of 2,932,471. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company's 50-day moving average is $78.60 and its 200-day moving average is $68.93. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The firm has a market capitalization of $18.82 billion, a price-to-earnings ratio of -141.37, a PEG ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. On average, equities research analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on Z shares. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Jefferies Financial Group raised their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Five 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. Based on data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and an average target price of $82.00.

Institutional Trading of Zillow Group

Several hedge funds have recently modified their holdings of Z. PNC Financial Services Group Inc. increased its position in Zillow Group by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock valued at $706,000 after buying an additional 116 shares in the last quarter. Independent Advisor Alliance increased its holdings in shares of Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. raised its position in shares of Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 137 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Zillow Group by 2.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after purchasing an additional 148 shares in the last quarter. Finally, DoubleLine ETF Adviser LP grew its position in Zillow Group by 1.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock worth $805,000 after purchasing an additional 163 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.