Zillow Group (NASDAQ:Z) Director Erik Blachford Sells 965 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) Director Erik Blachford sold 965 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total transaction of $69,972.15. Following the completion of the sale, the director directly owned 33,543 shares in the company, valued at approximately $2,432,202.93. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zillow Group Stock Up 0.1%

Z traded up $0.08 during midday trading on Friday, reaching $75.60. 113,146 shares of the company’s stock were exchanged, compared to its average volume of 2,709,461. Zillow Group, Inc. has a one year low of $57.51 and a one year high of $93.88. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of -539.40, a price-to-earnings-growth ratio of 29.89 and a beta of 2.10. The business has a 50-day simple moving average of $73.42 and a two-hundred day simple moving average of $76.01.

Zillow Group (NASDAQ:Z) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $729.00 million during the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Z has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Gordon Haskett raised shares of Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. Bank of America lifted their target price on shares of Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Mizuho upgraded Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.14.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Swiss Life Asset Management Ltd boosted its position in shares of Zillow Group by 18.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 14,434 shares of the financial services provider’s stock worth $1,112,000 after purchasing an additional 2,199 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in Zillow Group in the third quarter valued at about $2,375,000. CIBC Bancorp USA Inc. bought a new position in Zillow Group during the third quarter worth about $3,996,000. Coldstream Capital Management Inc. acquired a new position in shares of Zillow Group during the 3rd quarter worth about $238,000. Finally, Danske Bank A S bought a new stake in shares of Zillow Group in the 3rd quarter valued at about $5,877,000. 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.