Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo Sells 55,000 Shares

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 55,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 Stock Performance

ZG opened at $72.04 on Tuesday. The firm has a market cap of $17.47 billion, a P/E ratio of -153.28, a price-to-earnings-growth ratio of 8.90 and a beta of 2.09. The business has a 50 day moving average price of $75.25 and a 200 day moving average price of $68.43. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on ZG shares. JMP Securities raised their price objective on Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a research report on Monday, December 16th. Robert W. Baird began coverage on shares of Zillow Group in a report on Friday, January 31st. They set a “neutral” rating and a $88.00 price target for the company. Bank of America boosted their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. UBS Group lifted their target price on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group boosted their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One equities research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group in the fourth quarter worth about $27,000. Blue Trust Inc. grew its holdings in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. Asset Dedication LLC bought a new position in Zillow Group in the 4th quarter worth approximately $47,000. Assetmark Inc. lifted its holdings in shares of Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after acquiring an additional 159 shares during the period. 20.32% of the stock is currently owned by institutional investors.

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.