Zillow Group, Inc. (NASDAQ:Z) Director Sells $1,386,618.75 in Stock

Zillow Group, Inc. (NASDAQ:Z) Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Down 1.1 %

Shares of Zillow Group stock opened at $67.09 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The company has a market cap of $15.53 billion, a P/E ratio of -97.23 and a beta of 1.94. The firm’s 50 day moving average price is $53.47 and its 200-day moving average price is $48.53. Zillow Group, Inc. has a 52-week low of $33.80 and a 52-week high of $68.73.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. The business had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. On average, sell-side analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on Z. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.20.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in Z. Dorsal Capital Management LP grew its position in Zillow Group by 59.8% during the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after purchasing an additional 1,160,000 shares during the last quarter. Natixis acquired a new stake in shares of Zillow Group during the first quarter worth $41,129,000. Greencape Capital Pty Ltd grew its holdings in shares of Zillow Group by 93.0% during the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock valued at $79,647,000 after buying an additional 786,600 shares during the last quarter. Coronation Fund Managers Ltd. increased its position in shares of Zillow Group by 238.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after acquiring an additional 609,575 shares during the period. Finally, Norges Bank purchased a new position in Zillow Group in the 4th quarter worth $34,718,000. 71.01% of the stock is owned by institutional investors and hedge funds.

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.