Jennifer Rock Sells 5,997 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 5,997 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now directly owns 58,320 shares of the company’s stock, valued at $3,969,259.20. The trade was a 9.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, February 12th, Jennifer Rock sold 5,796 shares of Zillow Group stock. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00.

Zillow Group Stock Performance

Shares of NASDAQ Z traded up $3.28 during trading on Monday, hitting $71.21. 3,637,539 shares of the company were exchanged, compared to its average volume of 3,266,602. Zillow Group, Inc. has a 12-month low of $39.05 and a 12-month high of $89.39. The company has a fifty day moving average price of $67.72 and a 200-day moving average price of $73.66. The firm has a market capitalization of $17.27 billion, a PE ratio of -151.51, a P/E/G ratio of 9.24 and a beta of 2.23.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on Z shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods reduced their price objective on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 7th. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.71.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently modified their holdings of Z. IFP Advisors Inc raised its position in Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 338 shares in the last quarter. GAMMA Investing LLC grew its stake in Zillow Group by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 196 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Zillow Group in the 1st quarter valued at about $49,000. National Bank of Canada FI acquired a new stake in Zillow Group in the 4th quarter valued at about $55,000. Finally, Assetmark Inc. lifted its holdings 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 purchasing an additional 741 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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.