Zillow Group Sees Unusually High Options Volume (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:Z) was the target of some unusual options trading activity on Friday. Investors bought 31,800 call options on the company. This is an increase of approximately 87% compared to the typical volume of 17,031 call options.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the sale, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 221,999 shares of company stock valued at $11,780,363. Insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares during the period. Concord Wealth Partners acquired a new position in shares of Zillow Group during the 1st quarter worth about $26,000. Larson Financial Group LLC increased its stake in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Zillow Group in the 1st quarter valued at approximately $37,000. Finally, Mather Group LLC. bought a new position in Zillow Group during the 1st quarter worth approximately $62,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Trading Up 3.5 %

Shares of NASDAQ Z opened at $62.75 on Friday. Zillow Group has a 1-year low of $33.80 and a 1-year high of $68.73. The company has a 50-day moving average of $57.68 and a two-hundred day moving average of $49.71. The company has a market cap of $14.82 billion, a PE ratio of -90.94 and a beta of 1.95. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.13. The firm had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. As a group, equities analysts expect that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on Z. UBS Group raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.20.

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.