Zillow Group, Inc. (NASDAQ:Z) Vice Chairman Lloyd D. Frink sold 13,600 shares of Zillow Group stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $49.47, for a total value of $672,792.00. Following the completion of the sale, the insider now owns 4,265,858 shares in the company, valued at $211,031,995.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Z stock opened at $48.81 on Thursday. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a one year low of $35.75 and a one year high of $59.99.
Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $282.33 million for the quarter. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%.
Several brokerages have recently weighed in on Z. BidaskClub cut Zillow Group from a “hold” rating to a “sell” rating in a report on Saturday, December 30th. Morgan Stanley upgraded Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a report on Wednesday, January 10th. Cowen restated a “hold” rating on shares of Zillow Group in a report on Friday, February 9th. KeyCorp restated an “overweight” rating and set a $65.00 target price (up from $54.00) on shares of Zillow Group in a report on Thursday, March 15th. Finally, DA Davidson began coverage on Zillow Group in a report on Wednesday, April 4th. They set a “hold” rating and a $60.00 target price on the stock. Five 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 an average price target of $53.23.
Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new stake in Zillow Group in the fourth quarter valued at approximately $6,377,000. Caledonia Private Investments Pty Ltd raised its position in Zillow Group by 2.4% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 28,636,248 shares of the financial services provider’s stock valued at $1,171,795,000 after purchasing an additional 665,737 shares during the period. Teachers Advisors LLC raised its position in Zillow Group by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 119,786 shares of the financial services provider’s stock valued at $4,902,000 after purchasing an additional 4,183 shares during the period. California State Teachers Retirement System raised its position in Zillow Group by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 181,282 shares of the financial services provider’s stock valued at $7,418,000 after purchasing an additional 3,792 shares during the period. Finally, NBW Capital LLC raised its position in Zillow Group by 28.7% in the fourth quarter. NBW Capital LLC now owns 82,592 shares of the financial services provider’s stock valued at $3,380,000 after purchasing an additional 18,402 shares during the period. 58.62% of the stock is currently owned by hedge funds and other institutional investors.
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 consumers 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.