Jun Choo Sells 55,000 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) COO Jun Choo sold 55,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 transaction of $99,248.44.

Zillow Group Trading Down 1.3 %

Shares of Z traded down $0.94 on Friday, reaching $73.13. 1,001,198 shares of the company's stock were exchanged, compared to its average volume of 3,460,703. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The stock has a market capitalization of $17.74 billion, a P/E ratio of -155.21, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03. The business has a 50 day moving average price of $78.10 and a two-hundred day moving average price of $71.17.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

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Analyst Ratings Changes

Z has been the subject of several recent research reports. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Wedbush reissued an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in shares of Zillow Group in the fourth quarter valued at approximately $55,000. Assetmark Inc. lifted its position in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 741 shares in the last quarter. Blue Trust Inc. boosted its stake in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after purchasing an additional 137 shares during the period. Brooklyn Investment Group bought a new position in Zillow Group during the 3rd quarter worth about $74,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 367 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

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.