Zillow Group (NASDAQ:Z) COO Jun Choo Sells 25,575 Shares

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 25,575 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $91.06, for a total value of $2,328,859.50. Following the completion of the transaction, the chief operating officer directly owned 114,129 shares in the company, valued at $10,392,586.74. The trade was a 18.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, August 13th, Jun Choo sold 2,969 shares of Zillow Group stock. The stock was sold at an average price of $81.46, for a total value of $241,854.74.
• On Thursday, August 7th, Jun Choo sold 45,710 shares of Zillow Group stock. The shares were sold at an average price of $85.21, for a total value of $3,894,949.10.

Zillow Group Stock Down 1.7%

Z stock opened at $85.71 on Thursday. Zillow Group, Inc. has a twelve month low of $53.90 and a twelve month high of $91.93. The stock has a market cap of $20.76 billion, a P/E ratio of -329.65, a PEG ratio of 9.14 and a beta of 2.04. The business’s 50-day moving average price is $81.41 and its 200-day moving average price is $73.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in Z. Osaic Holdings Inc. increased its holdings in shares of Zillow Group by 10.4% in the second quarter. Osaic Holdings Inc. now owns 22,964 shares of the financial services provider’s stock valued at $1,606,000 after purchasing an additional 2,163 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Zillow Group by 4.7% in the second quarter. Thrivent Financial for Lutherans now owns 101,412 shares of the financial services provider’s stock worth $7,104,000 after buying an additional 4,514 shares during the last quarter. Marex Group plc purchased a new stake in shares of Zillow Group in the second quarter worth about $2,031,000. L1 Capital Pty Ltd purchased a new stake in shares of Zillow Group in the second quarter worth about $26,651,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Zillow Group by 29.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 69,442 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 15,707 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America lifted their price objective on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their target price on Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $88.29.

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.