David A. Beitel Sells 2,025 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now directly owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Zillow Group Price Performance

Zillow Group stock opened at $79.97 on Friday. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of -140.30, a PEG ratio of 16.20 and a beta of 2.03. The company has a fifty day simple moving average of $78.64 and a 200-day simple moving average of $68.55. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. On average, equities analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on Z shares. Jefferies Financial Group lifted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently modified their holdings of Z. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the 3rd quarter valued at about $35,000. Blue Trust Inc. boosted its position in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Zillow Group during the 4th quarter valued at about $55,000. Finally, Assetmark Inc. boosted its position in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Company Profile

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.