Zillow Group, Inc. (NASDAQ:ZG) COO Sells $4,299,900.00 in Stock

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) COO Jun Choo sold 55,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 Price Performance

ZG traded down $0.69 on Friday, reaching $71.49. 301,774 shares of the company traded hands, compared to its average volume of 596,402. The company has a market cap of $17.34 billion, a price-to-earnings ratio of -152.42, a PEG ratio of 8.90 and a beta of 2.33. The stock's 50 day moving average price is $75.26 and its 200-day moving average price is $68.63. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS 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%. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in ZG. Wood Tarver Financial Group LLC acquired a new position in shares of Zillow Group during the 4th quarter worth $70,000. AlphaCore Capital LLC bought a new position in Zillow Group during the fourth quarter valued at about $381,000. Vise Technologies Inc. raised its holdings in Zillow Group by 91.5% during the fourth quarter. Vise Technologies Inc. now owns 7,677 shares of the technology company's stock valued at $544,000 after buying an additional 3,668 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Zillow Group by 31.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,175 shares of the technology company's stock worth $5,822,000 after buying an additional 19,891 shares during the last quarter. Finally, Sone Capital Management LLC acquired a new position in shares of Zillow Group during the 4th quarter valued at about $11,185,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Analyst Ratings Changes

ZG has been the topic of several analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Citigroup raised their price target on Zillow Group from $95.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Benchmark upped their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Piper Sandler reduced their price target on shares of Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Finally, Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.00.

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.