Zillow Group Inc (NASDAQ:Z) Vice Chairman Lloyd D. Frink sold 13,600 shares of Zillow Group stock in a transaction on Monday, September 17th. The shares were sold at an average price of $44.55, for a total transaction of $605,880.00. Following the completion of the sale, the insider now directly owns 3,528,958 shares of the company’s stock, valued at $157,215,078.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ Z traded up $0.40 during midday trading on Friday, hitting $38.56. The company’s stock had a trading volume of 2,744,743 shares, compared to its average volume of 1,903,391. Zillow Group Inc has a one year low of $37.35 and a one year high of $65.70. The company has a quick ratio of 8.13, a current ratio of 8.18 and a debt-to-equity ratio of 0.14. The firm has a market cap of $8.95 billion, a P/E ratio of 2,212.50 and a beta of 0.45.
Zillow Group (NASDAQ:Z) last posted its earnings results on Monday, August 6th. The financial services provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. The business had revenue of $325.25 million for the quarter. Zillow Group had a negative net margin of 7.54% and a positive return on equity of 0.23%.
A number of institutional investors have recently bought and sold shares of Z. Tredje AP fonden grew its stake in Zillow Group by 3.9% in the 1st quarter. Tredje AP fonden now owns 27,360 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 1,020 shares in the last quarter. Toronto Dominion Bank grew its stake in Zillow Group by 17.4% in the 1st quarter. Toronto Dominion Bank now owns 7,352 shares of the financial services provider’s stock worth $395,000 after buying an additional 1,087 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Zillow Group by 17.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,410 shares of the financial services provider’s stock worth $428,000 after buying an additional 1,126 shares in the last quarter. United Services Automobile Association boosted its stake in shares of Zillow Group by 7.3% in the 2nd quarter. United Services Automobile Association now owns 18,244 shares of the financial services provider’s stock valued at $1,077,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Zillow Group by 4.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 37,274 shares of the financial services provider’s stock valued at $2,007,000 after purchasing an additional 1,466 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on Z shares. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Morgan Stanley lifted their price objective on shares of Zillow Group from $50.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, July 11th. Bank of America cut shares of Zillow Group from a “buy” rating to a “neutral” rating in a report on Tuesday, August 7th. KeyCorp reduced their price objective on shares of Zillow Group from $63.00 to $56.00 and set an “overweight” rating for the company in a report on Tuesday, August 7th. Finally, BidaskClub cut shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $56.11.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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