Zillow Group, Inc. (NASDAQ:Z) saw some unusual options trading activity on Thursday. Investors bought 9,532 call options on the company. This is an increase of 720% compared to the average volume of 1,162 call options.
A number of research analysts recently commented on Z shares. BidaskClub downgraded shares of Zillow Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Morgan Stanley raised shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Wednesday, January 10th. Cowen reaffirmed a “hold” rating on shares of Zillow Group in a research report on Friday. Finally, Canaccord Genuity increased their target price on shares of Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.07.
In other Zillow Group news, insider Errol G. Samuelson sold 1,589 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $40.72, for a total value of $64,704.08. Following the sale, the insider now directly owns 93,243 shares of the company’s stock, valued at approximately $3,796,854.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Amy Bohutinsky sold 27,783 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $45.39, for a total transaction of $1,261,070.37. Following the completion of the sale, the chief operating officer now directly owns 27,783 shares in the company, valued at $1,261,070.37. The disclosure for this sale can be found here. Over the last three months, insiders sold 702,270 shares of company stock worth $28,974,088. Insiders own 21.72% of the company’s stock.
Shares of Zillow Group (Z) opened at $45.12 on Friday. The firm has a market cap of $5,860.00 and a price-to-earnings ratio of -205.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44. Zillow Group has a 52 week low of $32.56 and a 52 week high of $51.23.
ILLEGAL ACTIVITY WARNING: “Zillow Group Sees Unusually Large Options Volume (Z)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/11/zillow-group-sees-unusually-large-options-volume-z.html.
Zillow Group Company Profile
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 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.