Zillow Group, Inc. (NASDAQ:Z - Get Free Report) insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Zillow Group Stock Performance
Shares of Z stock traded down $0.18 during mid-day trading on Monday, hitting $68.56. 2,321,727 shares of the stock were exchanged, compared to its average volume of 3,329,492. The stock's fifty day simple moving average is $77.10 and its two-hundred day simple moving average is $73.28. 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 $16.63 billion, a price-to-earnings ratio of -145.87, a P/E/G ratio of 9.24 and a beta of 2.27.
Zillow Group (NASDAQ:Z - Get Free Report) 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 net margin of 5.01% and a negative return on equity of 2.12%. On average, research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have recently commented on Z shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods initiated coverage on Zillow Group in a research note on Friday. They set a "market perform" rating and a $80.00 target price for the company. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.71.
Check Out Our Latest Stock Analysis on Z
Hedge Funds Weigh In On Zillow Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock valued at $325,337,000 after purchasing an additional 3,272,118 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Zillow Group by 3.2% in the fourth quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock valued at $267,895,000 after buying an additional 111,231 shares in the last quarter. Dorsal Capital Management LP grew its holdings in Zillow Group by 4.7% during the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock worth $248,068,000 after acquiring an additional 150,000 shares during the period. Geode Capital Management LLC raised its position in Zillow Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock worth $212,745,000 after acquiring an additional 28,728 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Zillow Group by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock valued at $114,109,000 after acquiring an additional 65,724 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.
Zillow Group Company Profile
(
Get Free Report)
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.
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