Zillow Group, Inc. (NASDAQ:Z) Director Jay C. Hoag Purchases 816,866 Shares

Zillow Group, Inc. (NASDAQ:ZGet Free Report) Director Jay C. Hoag purchased 816,866 shares of the company’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $43.14 per share, for a total transaction of $35,239,599.24. Following the completion of the transaction, the director now owns 1,185,540 shares of the company’s stock, valued at approximately $51,144,195.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Trading Down 0.0 %

Shares of Z opened at $48.50 on Friday. The business’s 50-day moving average price is $42.98 and its 200 day moving average price is $49.64. The stock has a market capitalization of $11.46 billion, a P/E ratio of -70.29 and a beta of 1.95. Zillow Group, Inc. has a 1-year low of $33.80 and a 1-year high of $61.13. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:ZGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). The company had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. During the same period in the prior year, the business posted ($0.06) EPS. Analysts expect that Zillow Group, Inc. will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Zillow Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after acquiring an additional 176,449 shares in the last quarter. Capital World Investors grew its stake in Zillow Group by 2.8% during the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after acquiring an additional 238,554 shares in the last quarter. FMR LLC grew its stake in Zillow Group by 203.1% during the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after acquiring an additional 2,312,241 shares in the last quarter. Eminence Capital LP grew its stake in Zillow Group by 11.9% during the 3rd quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider’s stock valued at $142,416,000 after acquiring an additional 329,191 shares in the last quarter. Finally, Ninety One UK Ltd grew its stake in Zillow Group by 29.4% during the 4th quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after acquiring an additional 431,070 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wedbush dropped their price target on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group boosted their price target on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. dropped their price target on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.20.

Check Out Our Latest Stock Report on Zillow Group

About Zillow Group

(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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Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:Z)

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