Zillow Group Inc (NASDAQ:Z) Director Spencer M. Rascoff sold 2,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $37.06, for a total value of $74,120.00. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $518,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Z stock traded down $1.87 on Wednesday, reaching $34.90. 3,134,613 shares of the stock were exchanged, compared to its average volume of 3,063,445. Zillow Group Inc has a one year low of $26.38 and a one year high of $51.47. The company has a quick ratio of 3.98, a current ratio of 4.73 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average price is $47.03.
Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.21). The firm had revenue of $599.58 million for the quarter. Zillow Group had a negative return on equity of 5.11% and a negative net margin of 13.49%.
A number of equities analysts have commented on the company. Bank of America boosted their price objective on Zillow Group from $31.00 to $35.00 and gave the stock an “underperform” rating in a research note on Friday, May 10th. Morgan Stanley reduced their price objective on Zillow Group from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. KeyCorp reduced their price objective on Zillow Group from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, BidaskClub lowered Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $41.26.
Hedge funds have recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. raised its position in shares of Zillow Group by 177.0% during the second quarter. Coastal Investment Advisors Inc. now owns 554 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 354 shares during the last quarter. MUFG Americas Holdings Corp bought a new stake in shares of Zillow Group during the second quarter worth $32,000. Advisor Group Inc. raised its position in shares of Zillow Group by 30.1% during the fourth quarter. Advisor Group Inc. now owns 1,447 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 335 shares during the last quarter. Strs Ohio raised its position in shares of Zillow Group by 33.6% during the first quarter. Strs Ohio now owns 1,662 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 418 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Zillow Group in the first quarter valued at about $87,000. Institutional investors own 78.43% of the company’s stock.
About Zillow Group
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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