Zillow Group Inc (NASDAQ:Z) Director Spencer M. Rascoff sold 94,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $45.30, for a total value of $4,258,200.00. Following the sale, the director now directly owns 106,000 shares in the company, valued at $4,801,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Z traded down $0.59 during trading on Friday, reaching $45.39. The company’s stock had a trading volume of 1,784,365 shares, compared to its average volume of 3,173,093. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.73 and a quick ratio of 3.98. Zillow Group Inc has a 1 year low of $26.38 and a 1 year high of $65.70.
Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.14). Zillow Group had a negative return on equity of 3.18% and a negative net margin of 11.35%. The firm had revenue of $454.10 million for the quarter.
Several large investors have recently bought and sold shares of the business. Kiwi Wealth Investments Limited Partnership lifted its position in shares of Zillow Group by 369.7% during the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 599,206 shares of the financial services provider’s stock worth $18,923,000 after purchasing an additional 471,623 shares during the last quarter. HAP Trading LLC lifted its position in Zillow Group by 153.7% in the fourth quarter. HAP Trading LLC now owns 39,480 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 112,980 shares during the last quarter. Baillie Gifford & Co. lifted its position in Zillow Group by 1.3% in the first quarter. Baillie Gifford & Co. now owns 11,435,769 shares of the financial services provider’s stock valued at $397,278,000 after acquiring an additional 152,319 shares during the last quarter. Zevenbergen Capital Investments LLC lifted its position in Zillow Group by 19.3% in the first quarter. Zevenbergen Capital Investments LLC now owns 2,336,094 shares of the financial services provider’s stock valued at $81,156,000 after acquiring an additional 378,680 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Zillow Group in the first quarter valued at $358,000. Institutional investors and hedge funds own 78.23% of the company’s stock.
A number of analysts recently issued reports on the company. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 1st. Bank of America increased their price objective on Zillow Group from $31.00 to $35.00 and gave the company an “underperform” rating in a report on Friday, May 10th. Finally, Cowen upgraded Zillow Group from a “market perform” rating to an “outperform” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Zillow Group presently has a consensus rating of “Hold” and an average price target of $39.41.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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