Stock Traders Buy Large Volume of Put Options on Zillow Group (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:ZGet Rating) was the target of some unusual options trading activity on Thursday. Stock traders acquired 116,276 put options on the company. This represents an increase of 443% compared to the average volume of 21,416 put options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on Z. Jefferies Financial Group boosted their price objective on Zillow Group from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Morgan Stanley cut their price objective on Zillow Group from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, August 18th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $64.75.

Zillow Group Trading Down 2.8 %

Shares of Z stock opened at $30.40 on Friday. Zillow Group has a 1 year low of $28.61 and a 1 year high of $104.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.57 and a current ratio of 12.65. The stock has a fifty day moving average of $35.43 and a two-hundred day moving average of $39.64. The firm has a market capitalization of $7.49 billion, a PE ratio of -13.63 and a beta of 1.42.

Zillow Group (NASDAQ:ZGet Rating) last announced its earnings results on Thursday, August 4th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $1.01 billion for the quarter. Zillow Group had a negative return on equity of 8.08% and a negative net margin of 5.19%.

Insider Activity

In other Zillow Group news, insider Susan Daimler sold 4,283 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $36.43, for a total transaction of $156,029.69. Following the completion of the transaction, the insider now directly owns 48,543 shares of the company’s stock, valued at approximately $1,768,421.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Jennifer Rock sold 3,486 shares of Zillow Group stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $36.43, for a total value of $126,994.98. Following the sale, the chief accounting officer now owns 78,069 shares of the company’s stock, valued at approximately $2,844,053.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Daimler sold 4,283 shares of Zillow Group stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $36.43, for a total transaction of $156,029.69. Following the sale, the insider now directly owns 48,543 shares in the company, valued at approximately $1,768,421.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,919 shares of company stock worth $688,488. Corporate insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation N.A. boosted its stake in shares of Zillow Group by 371.7% during the 1st quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 394 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Zillow Group by 86.2% during the 1st quarter. Westside Investment Management Inc. now owns 540 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 250 shares during the last quarter. Cornerstone Advisory LLC acquired a new position in shares of Zillow Group during the 4th quarter worth about $42,000. Ellevest Inc. lifted its position in shares of Zillow Group by 53.6% during the 2nd quarter. Ellevest Inc. now owns 940 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 328 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Zillow Group during the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 70.83% of the company’s stock.

About Zillow Group

(Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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