Insider Selling: Errol G. Samuelson Sells 3,756 Shares of Zillow Stock (Z)
Zillow (NASDAQ:Z) Insider Errol G. Samuelson sold 3,756 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $141.60, for a total value of $531,849.60. Following the completion of the sale, the insider now directly owns 55,564 shares in the company, valued at approximately $7,867,862. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Zillow (NASDAQ:Z) traded down 0.76% during mid-day trading on Thursday, hitting $143.22. 757,262 shares of the company’s stock traded hands. Zillow has a 52 week low of $70.28 and a 52 week high of $164.90. The stock’s 50-day moving average is $138.6 and its 200-day moving average is $112.5. The company’s market cap is $5.746 billion.
Zillow (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 67.7% on a year-over-year basis. Analysts expect that Zillow will post $0.38 EPS for the current fiscal year.
A number of research firms have recently commented on Z. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $136.93.
Zillow, Inc (NASDAQ:Z), provides real estate and home-related information.
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