Zillow Group, Inc. (Z) Short Interest Update
Zillow Group, Inc. (NASDAQ:Z) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 14,136,840 shares, a decline of 7.2% from the August 15th total of 15,236,266 shares. Approximately 13.6% of the shares of the company are sold short. Based on an average trading volume of 1,122,909 shares, the short-interest ratio is presently 12.6 days.
Zillow Group (NASDAQ:Z) opened at 40.01 on Friday. The stock’s 50 day moving average is $39.69 and its 200-day moving average is $36.95. The firm’s market capitalization is $7.42 billion. Zillow Group has a 52 week low of $31.22 and a 52 week high of $40.94.
Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. The business had revenue of $266.85 million during the quarter. On average, equities research analysts expect that Zillow Group will post $0.50 EPS for the current year.
A number of research analysts have commented on the stock. BidaskClub lowered shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Benchmark Co. restated a “buy” rating and issued a $55.00 price objective on shares of Zillow Group in a research note on Sunday, July 2nd. Stifel Nicolaus restated a “buy” rating and issued a $54.50 price objective (up from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Cowen and Company restated a “hold” rating on shares of Zillow Group in a research note on Friday, July 14th. Finally, Deutsche Bank AG lifted their price objective on shares of Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Zillow Group has a consensus rating of “Hold” and an average target price of $46.06.
In related news, COO Amy Bohutinsky sold 147,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total value of $6,648,810.00. Following the completion of the sale, the chief operating officer now directly owns 43,000 shares of the company’s stock, valued at $1,944,890. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $44.50, for a total transaction of $605,200.00. Following the completion of the sale, the insider now directly owns 4,498,008 shares of the company’s stock, valued at $200,161,356. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,111 shares of company stock valued at $12,201,269. 26.97% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of Z. D.A. Davidson & CO. increased its holdings in shares of Zillow Group by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 57 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Zillow Group by 878.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 2,830 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Zillow Group in the 2nd quarter worth about $167,000. Gillespie Robinson & Grimm Inc. acquired a new stake in shares of Zillow Group in the 2nd quarter worth about $204,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Zillow Group in the 2nd quarter worth about $206,000. Institutional investors own 86.21% of the company’s stock.
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About Zillow Group
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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