Zillow Group, Inc. (NASDAQ:ZG) COO Sells $4,299,900.00 in Stock

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 55,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jun Choo also recently made the following trade(s):

• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The shares were sold at an average price of $77.72, for a total value of $99,248.44.

Zillow Group Trading Up 3.2 %

Zillow Group stock opened at $75.15 on Thursday. The firm has a market cap of $18.23 billion, a PE ratio of -159.89, a P/E/G ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The stock’s 50 day simple moving average is $75.23 and its two-hundred day simple moving average is $68.58.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 11th. The technology company 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 2.12% and a negative net margin of 5.01%. On average, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently modified their holdings of the business. Creative Planning lifted its position in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after buying an additional 439 shares in the last quarter. Private Advisor Group LLC acquired a new position in Zillow Group during the third quarter worth $747,000. Atria Investments Inc purchased a new position in Zillow Group during the third quarter valued at $231,000. River Global Investors LLP grew its position in shares of Zillow Group by 4.1% in the third quarter. River Global Investors LLP now owns 40,219 shares of the technology company’s stock valued at $2,492,000 after purchasing an additional 1,571 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Zillow Group by 207.2% during the third quarter. GSA Capital Partners LLP now owns 15,248 shares of the technology company’s stock worth $944,000 after purchasing an additional 10,285 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZG. Stephens restated an “overweight” rating and set a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Susquehanna lifted their target price on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Piper Sandler cut their price target on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their price objective on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.00.

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.