Insider Selling: Zillow Group, Inc. (NASDAQ:Z) General Counsel Sells 624 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZGet Rating) General Counsel Bradley D. Owens sold 624 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $36.80, for a total value of $22,963.20. Following the sale, the general counsel now owns 19,679 shares in the company, valued at approximately $724,187.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Zillow Group Trading Down 5.5 %

Shares of Z stock opened at $35.26 on Monday. The business has a 50-day simple moving average of $31.65 and a 200-day simple moving average of $34.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 12.09 and a quick ratio of 12.09. Zillow Group, Inc. has a 52-week low of $26.14 and a 52-week high of $65.88.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Zillow Group

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Zillow Group by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider’s stock worth $1,166,953,000 after buying an additional 1,837,593 shares during the period. Eminence Capital LP increased its holdings in Zillow Group by 9.1% in the 1st quarter. Eminence Capital LP now owns 4,447,791 shares of the financial services provider’s stock worth $219,232,000 after acquiring an additional 369,601 shares in the last quarter. Dorsal Capital Management LLC raised its position in Zillow Group by 36.0% during the first quarter. Dorsal Capital Management LLC now owns 2,850,000 shares of the financial services provider’s stock worth $140,477,000 after acquiring an additional 755,000 shares during the period. Nikko Asset Management Americas Inc. lifted its holdings in Zillow Group by 3.2% during the first quarter. Nikko Asset Management Americas Inc. now owns 2,379,289 shares of the financial services provider’s stock valued at $118,013,000 after purchasing an additional 74,338 shares in the last quarter. Finally, Coatue Management LLC grew its position in shares of Zillow Group by 80.8% in the first quarter. Coatue Management LLC now owns 2,358,800 shares of the financial services provider’s stock valued at $116,265,000 after purchasing an additional 1,054,471 shares during the period. 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.

See Also

Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:Z)

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