Zillow Group, Inc. (NASDAQ:Z) Insider Errol G. Samuelson Sells 4,219 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the sale, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zillow Group Stock Performance

Shares of Z stock traded down $1.60 during trading hours on Thursday, reaching $48.78. 4,894,564 shares of the company traded hands, compared to its average volume of 4,068,615. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The company has a market cap of $11.39 billion, a P/E ratio of -74.09 and a beta of 1.77. The firm has a 50-day moving average price of $54.58 and a 200 day moving average price of $49.13.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analysts’ expectations of $450.75 million. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. As a group, sell-side analysts predict that Zillow Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on Z shares. JPMorgan Chase & Co. raised their target price on Zillow Group from $46.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group raised their target price on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.75.

Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in Zillow Group during the 4th quarter valued at approximately $25,000. Zions Bancorporation N.A. raised its stake in Zillow Group by 371.7% during the 1st quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 394 shares during the period. Quarry LP bought a new stake in Zillow Group during the 4th quarter valued at approximately $27,000. Resurgent Financial Advisors LLC bought a new stake in Zillow Group during the 4th quarter valued at approximately $29,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Zillow Group during the 3rd quarter valued at approximately $33,000. Institutional investors own 71.01% of the company’s stock.

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.