Traders Buy High Volume of Call Options on Zillow Group (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:Z) was the target of some unusual options trading on Tuesday. Traders bought 14,389 call options on the company. This is an increase of 140% compared to the average volume of 5,995 call options.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on Z shares. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley raised their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.71.

Insider Buying and Selling at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David A. Beitel sold 2,025 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,919 shares of company stock valued at $5,744,978 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ninety One UK Ltd boosted its stake in shares of Zillow Group by 11.4% during the 1st quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider’s stock worth $276,263,000 after acquiring an additional 411,742 shares in the last quarter. Dorsal Capital Management LP boosted its position in Zillow Group by 4.7% during the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider’s stock worth $248,068,000 after purchasing an additional 150,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Zillow Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider’s stock valued at $212,745,000 after purchasing an additional 28,728 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Zillow Group by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider’s stock valued at $114,109,000 after buying an additional 65,724 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Zillow Group by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after buying an additional 11,727 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Trading Up 0.2 %

Shares of Z stock opened at $67.33 on Thursday. The company has a market cap of $16.33 billion, a PE ratio of -143.26, a PEG ratio of 9.24 and a beta of 2.19. Zillow Group has a 12-month low of $38.45 and a 12-month high of $89.39. The business’s fifty day simple moving average is $68.86 and its 200-day simple moving average is $73.22.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, equities analysts forecast that Zillow Group will post 0.32 earnings per share for the current year.

Zillow Group Company Profile

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.