Zillow Group, Inc. (Z) Short Interest Up 12.1% in September
Zillow Group, Inc. (NASDAQ:Z) saw a large growth in short interest in September. As of September 29th, there was short interest totalling 16,144,727 shares, a growth of 12.1% from the September 15th total of 14,408,263 shares. Approximately 15.5% of the company’s stock are short sold. Based on an average daily volume of 1,410,865 shares, the short-interest ratio is currently 11.4 days.
Zillow Group (NASDAQ Z) opened at 41.41 on Thursday. The company’s market cap is $7.68 billion. Zillow Group has a 52-week low of $31.22 and a 52-week high of $51.23. The company’s 50 day moving average price is $39.84 and its 200 day moving average price is $41.72.
Zillow Group (NASDAQ:Z) last released 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. Equities research analysts anticipate that Zillow Group will post $0.50 EPS for the current fiscal year.
A number of research firms have issued reports on Z. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.50 target price (up previously from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 target price on shares of Zillow Group in a report on Sunday, July 2nd. BidaskClub lowered Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. Finally, Deutsche Bank AG raised their target price on Zillow Group to $50.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.64.
In other news, CEO Spencer M. Rascoff sold 22,400 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $46.37, for a total transaction of $1,038,688.00. Following the transaction, the chief executive officer now owns 7,500 shares of the company’s stock, valued at approximately $347,775. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Amy Bohutinsky sold 147,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 43,000 shares in the company, valued at approximately $1,944,890. The disclosure for this sale can be found here. Insiders have sold a total of 273,282 shares of company stock valued at $12,100,366 over the last ninety days. Company insiders own 21.72% of the company’s stock.
Several large investors have recently added to or reduced their stakes in Z. D.A. Davidson & CO. boosted its position 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 valued at $138,000 after purchasing an additional 57 shares during the period. JPMorgan Chase & Co. boosted its position 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 valued at $154,000 after purchasing an additional 2,830 shares during the period. ETF Managers Group LLC acquired a new position in shares of Zillow Group in the 2nd quarter valued at $167,000. Gillespie Robinson & Grimm Inc. acquired a new position in shares of Zillow Group in the 2nd quarter valued at $204,000. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Zillow Group in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 86.13% of the company’s stock.
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.
Receive News & Ratings for Zillow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.