Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CTO Sells 2,025 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 2,025 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Stock Up 1.6 %

Z stock opened at $79.97 on Friday. The company’s 50 day moving average price is $78.64 and its 200 day moving average price is $68.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of -140.30, a PEG ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last released its earnings results 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 return on equity of 2.33% and a negative net margin of 6.17%. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on Z shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research report on Wednesday. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $82.00.

Institutional Trading of Zillow Group

A number of large investors have recently made changes to their positions in Z. Sanctuary Advisors LLC purchased a new position in Zillow Group in the second quarter valued at approximately $319,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Creative Planning increased its stake in Zillow Group by 3.0% in the third quarter. Creative Planning now owns 19,139 shares of the financial services provider’s stock valued at $1,222,000 after purchasing an additional 558 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in Zillow Group in the third quarter valued at approximately $213,000. Finally, Armstrong Fleming & Moore Inc purchased a new position in Zillow Group in the third quarter valued at approximately $240,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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.