Short Interest in Zillow Group, Inc. (NASDAQ:Z) Expands By 22.6%

Zillow Group, Inc. (NASDAQ:Z) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 14,400,000 shares, a growth of 22.6% from the March 31st total of 11,750,000 shares. Approximately 9.2% of the company’s shares are short sold. Based on an average daily volume of 4,030,000 shares, the short-interest ratio is presently 3.6 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group boosted their price target on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.75.

Insider Activity

In related news, insider Dan Spaulding sold 5,114 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.45, for a total transaction of $283,571.30. Following the transaction, the insider now directly owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Bradley D. Owens sold 966 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the transaction, the general counsel now directly owns 17,181 shares of the company’s stock, valued at approximately $996,669.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 5,114 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.45, for a total value of $283,571.30. Following the transaction, the insider now directly owns 43,180 shares in the company, valued at $2,394,331. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock valued at $9,642,508 in the last three months. Corporate insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Several institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Zillow Group during the third quarter valued at $252,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Zillow Group by 17.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,814 shares of the financial services provider’s stock valued at $1,930,000 after purchasing an additional 6,300 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Zillow Group by 48.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 633,608 shares of the financial services provider’s stock valued at $29,247,000 after purchasing an additional 206,088 shares during the last quarter. Arlington Partners LLC purchased a new stake in shares of Zillow Group during the third quarter valued at $2,374,000. Finally, IFM Investors Pty Ltd lifted its holdings in shares of Zillow Group by 2.0% during the third quarter. IFM Investors Pty Ltd now owns 40,219 shares of the financial services provider’s stock valued at $1,857,000 after purchasing an additional 778 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Trading Up 1.7 %

Shares of Z stock opened at $43.67 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. Zillow Group has a 1 year low of $33.80 and a 1 year high of $61.13. The stock has a fifty day moving average of $49.76 and a two-hundred day moving average of $48.91. The firm has a market capitalization of $10.20 billion, a PE ratio of -64.22 and a beta of 1.75.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The company had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. As a group, research analysts expect that Zillow Group will post -0.15 EPS for the current year.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.