Zillow Group, Inc. (Z) Insider Sells $66,997.42 in Stock
Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 1,691 shares of Zillow Group stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $39.62, for a total transaction of $66,997.42. Following the completion of the transaction, the insider now owns 98,984 shares in the company, valued at approximately $3,921,746.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Zillow Group, Inc. (Z) opened at 38.64 on Monday. The stock has a 50 day moving average of $44.87 and a 200-day moving average of $40.51. The stock’s market cap is $7.17 billion. Zillow Group, Inc. has a 52 week low of $31.22 and a 52 week high of $51.23.
Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The business had revenue of $266.85 million during the quarter. Analysts forecast that Zillow Group, Inc. will post $0.52 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of Zillow Group by 2.1% in the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after buying an additional 57 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Zillow Group by 878.9% in the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,830 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of Zillow Group during the second quarter worth about $167,000. Gillespie Robinson & Grimm Inc. acquired a new position in shares of Zillow Group during the second quarter worth about $204,000. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Zillow Group during the second quarter worth about $206,000. Institutional investors own 89.98% of the company’s stock.
A number of brokerages have weighed in on Z. Cowen and Company reiterated a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. Deutsche Bank AG raised their target price on shares of Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Stifel Nicolaus reissued a “buy” rating and issued a $54.50 target price (up previously from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Benchmark Co. reissued a “buy” rating and issued a $55.00 target price on shares of Zillow Group in a research note on Sunday, July 2nd. Finally, BidaskClub downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Zillow Group presently has an average rating of “Hold” and an average target price of $46.06.
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