Insider Selling: David A. Beitel Sells 13,345 Shares of Zillow Stock (Z)
Zillow (NASDAQ:Z) CTO David A. Beitel sold 13,345 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $138.67, for a total value of $1,850,551.15. Following the completion of the sale, the chief technology officer now directly owns 11,449 shares in the company, valued at approximately $1,587,633. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on Z shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Zillow in a research note on Wednesday, August 6th. They now have a $115.00 price target on the stock, up previously from $78.00. Separately, analysts at Benchmark Co. raised their price target on shares of Zillow from $185.00 to $190.00 in a research note on Wednesday, August 6th. Finally, analysts at JMP Securities raised their price target on shares of Zillow from $150.00 to $155.00 in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Zillow currently has an average rating of “Hold” and a consensus target price of $136.93.
Shares of Zillow (NASDAQ:Z) traded down 2.75% during mid-day trading on Monday, hitting $135.78. The stock had a trading volume of 1,183,950 shares. Zillow has a one year low of $70.28 and a one year high of $164.90. The stock’s 50-day moving average is $137. and its 200-day moving average is $107.5. The company’s market cap is $5.447 billion.
Zillow (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.01. The company had revenue of $78.68 million for the quarter, compared to the consensus estimate of $76.52 million. During the same quarter last year, the company posted $0.01 earnings per share. Zillow’s revenue was up 67.7% compared to the same quarter last year. On average, analysts predict that Zillow will post $0.38 earnings per share for the current fiscal year.
Zillow, Inc (NASDAQ:Z), provides real estate and home-related information.
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