Allen Parker Sells 9,514 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:ZGet Rating) CFO Allen Parker sold 9,514 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $36.78, for a total value of $349,924.92. Following the completion of the transaction, the chief financial officer now directly owns 170,968 shares of the company’s stock, valued at $6,288,203.04. The sale was disclosed in a filing with the SEC, which is available at this link.

Zillow Group Price Performance

NASDAQ Z opened at $35.26 on Friday. The stock’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $34.58. Zillow Group, Inc. has a one year low of $26.14 and a one year high of $65.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.09 and a current ratio of 12.09.

Zillow Group (NASDAQ:ZGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported ($0.20) EPS for the quarter. The business had revenue of $483.00 million during the quarter. Zillow Group had a negative return on equity of 3.16% and a negative net margin of 3.01%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on Z shares. Jefferies Financial Group dropped their price objective on Zillow Group from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 6th. Morgan Stanley cut their price target on shares of Zillow Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, November 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. lifted its holdings 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 worth $25,000 after buying an additional 394 shares in the last quarter. Ellevest Inc. increased its stake in shares of Zillow Group by 53.6% in the 2nd quarter. Ellevest Inc. now owns 940 shares of the financial services provider’s stock valued at $30,000 after buying an additional 328 shares during the period. Eisler Capital UK Ltd. acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $34,000. Eagle Bay Advisors LLC acquired a new stake in shares of Zillow Group in the 2nd quarter valued at $36,000. Finally, Elequin Capital LP acquired a new stake in shares of Zillow Group in the 1st quarter valued at $61,000. Institutional investors and hedge funds own 70.83% of the company’s stock.

Zillow Group Company Profile

(Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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