Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo Sells 11,725 Shares

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 11,725 shares of Zillow Group stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25. Following the completion of the transaction, the chief operating officer now directly owns 130,186 shares in the company, valued at $8,952,891.22. This trade represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, May 12th, Jun Choo sold 10,000 shares of Zillow Group stock. The stock was sold at an average price of $70.65, for a total transaction of $706,500.00.
• On Thursday, February 27th, Jun Choo sold 55,000 shares of Zillow Group stock. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00.
• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44.

Zillow Group Stock Performance

Shares of Z stock traded up $3.28 on Monday, hitting $71.21. The company had a trading volume of 3,637,539 shares, compared to its average volume of 3,266,602. The firm has a market cap of $17.27 billion, a P/E ratio of -151.51, a P/E/G ratio of 9.24 and a beta of 2.23. The stock’s 50-day moving average is $67.72 and its two-hundred day moving average is $73.66. Zillow Group, Inc. has a twelve month low of $39.05 and a twelve month high of $89.39.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in Z. IFP Advisors Inc raised its position in shares of Zillow Group by 288.9% in the 1st 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 increased its position 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 buying an additional 196 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Zillow Group in the 1st quarter valued at about $49,000. National Bank of Canada FI bought a new stake in Zillow Group in the 4th quarter valued at about $55,000. Finally, Assetmark Inc. increased 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 buying an additional 741 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on Z. Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a research note on Monday, April 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Keefe, Bruyette & Woods cut their price target on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a report on Wednesday, May 7th. Finally, KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Eight 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.71.

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.