Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) COO Sells 1,277 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, November 19th, Jun Choo sold 10,000 shares of Zillow Group stock. The shares were sold at an average price of $75.10, for a total value of $751,000.00.

Zillow Group Stock Up 2.0 %

Zillow Group stock opened at $76.89 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a 50-day moving average price of $75.58 and a 200 day moving average price of $66.12. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58.

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 2.33% and a negative net margin of 6.17%. As a group, analysts expect that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning increased its position in shares of Zillow Group by 7.2% during the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after acquiring an additional 439 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Zillow Group by 4.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after purchasing an additional 750 shares during the period. Private Advisor Group LLC acquired a new stake in Zillow Group in the 3rd quarter valued at approximately $747,000. Avitas Wealth Management LLC purchased a new stake in Zillow Group in the third quarter valued at approximately $1,562,000. Finally, US Bancorp DE raised its position in Zillow Group by 6.5% in the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after purchasing an additional 18,136 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. KeyCorp raised shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price target on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group boosted their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a research note on Wednesday. Cantor Fitzgerald boosted their price objective on Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Bank of America raised their target price on Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.