Investors Buy Large Volume of Zillow Group Put Options (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:ZGet Rating) was the target of unusually large options trading on Tuesday. Investors acquired 59,707 put options on the stock. This represents an increase of 139% compared to the average daily volume of 24,983 put options.

Insider Buying and Selling

In other news, General Counsel Bradley D. Owens sold 3,731 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $37.51, for a total value of $139,949.81. Following the completion of the sale, the general counsel now owns 15,948 shares of the company’s stock, valued at $598,209.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, General Counsel Bradley D. Owens sold 3,731 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $37.51, for a total transaction of $139,949.81. Following the completion of the sale, the general counsel now owns 15,948 shares of the company’s stock, valued at $598,209.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dan Spaulding sold 3,746 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $36.78, for a total value of $137,777.88. Following the completion of the sale, the insider now directly owns 30,763 shares of the company’s stock, valued at approximately $1,131,463.14. The disclosure for this sale can be found here. Insiders sold a total of 40,443 shares of company stock worth $1,436,184 in the last ninety days. 15.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the business. M&T Bank Corp grew its position in shares of Zillow Group by 5.7% during the third quarter. M&T Bank Corp now owns 7,640 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 409 shares in the last quarter. Alpha Paradigm Partners LLC grew its position in shares of Zillow Group by 34.6% during the third quarter. Alpha Paradigm Partners LLC now owns 9,245 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 2,374 shares in the last quarter. Wealthsource Partners LLC purchased a new position in shares of Zillow Group during the third quarter valued at about $266,000. Neo Ivy Capital Management grew its position in shares of Zillow Group by 3.9% during the third quarter. Neo Ivy Capital Management now owns 9,746 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 368 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Zillow Group during the third quarter valued at about $1,811,000. Hedge funds and other institutional investors own 70.83% of the company’s stock.

Zillow Group Stock Performance

Shares of Z opened at $34.45 on Wednesday. The business’s fifty day simple moving average is $31.57 and its two-hundred day simple moving average is $34.45. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 0.36. Zillow Group has a 12 month low of $26.14 and a 12 month high of $65.88. The company has a market cap of $8.19 billion, a price-to-earnings ratio of -29.70 and a beta of 1.42.

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

Analysts Set New Price Targets

Several brokerages have issued reports on Z. Jefferies Financial Group lowered their target price 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 reduced their target price on Zillow Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th.

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.

Featured Stories

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.