Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) COO Sells $706,500.00 in Stock

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $70.65, for a total value of $706,500.00. Following the transaction, the chief operating officer now directly owns 120,186 shares of the company’s stock, valued at $8,491,140.90. This represents a 7.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, May 8th, Jun Choo sold 11,725 shares of Zillow Group stock. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25.
• 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 Down 2.9%

Shares of NASDAQ:ZG opened at $67.25 on Thursday. The firm has a fifty day moving average of $66.06 and a two-hundred day moving average of $71.36. Zillow Group, Inc. has a 12-month low of $38.40 and a 12-month high of $86.58. The firm has a market capitalization of $16.31 billion, a P/E ratio of -143.09, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The firm had revenue of $598.00 million for the quarter, compared to analyst estimates of $587.88 million. During the same period in the previous year, the business posted $0.36 EPS. Zillow Group’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently made changes to their positions in ZG. O Shaughnessy Asset Management LLC increased its holdings in Zillow Group by 13.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after buying an additional 138 shares during the last quarter. Jones Financial Companies Lllp grew its position in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after acquiring an additional 159 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Zillow Group by 4.1% during the 1st quarter. M&T Bank Corp now owns 5,437 shares of the technology company’s stock valued at $363,000 after purchasing an additional 215 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Zillow Group by 79.4% during the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after purchasing an additional 216 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Zillow Group to a “hold” rating in a report on Friday, March 28th. Barclays cut their target price on Zillow Group from $64.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, May 8th. Cantor Fitzgerald increased their price target on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group dropped their price target on Zillow Group from $86.00 to $76.00 and set a “hold” rating on the stock in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.80.

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.