Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock Sells 5,796 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This trade represents a 10.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jennifer Rock also recently made the following trade(s):

• On Friday, December 6th, Jennifer Rock sold 3,033 shares of Zillow Group stock. The shares were sold at an average price of $82.78, for a total value of $251,071.74.

Zillow Group Trading Up 1.6 %

Shares of Z stock opened at $79.97 on Friday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The stock’s 50-day moving average is $78.64 and its 200 day moving average is $68.42. 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 issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, equities analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Groupama Asset Managment purchased a new stake in Zillow Group in the third quarter valued at about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zillow Group in the third quarter valued at about $38,310,000. Bridgewater Associates LP raised its stake in Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after buying an additional 424,615 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Zillow Group in the fourth quarter valued at about $27,769,000. Institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on Z. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday. Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

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.