Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo Sells 55,000 Shares

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. The trade was a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jun Choo also recently made the following trade(s):

• On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44.

Zillow Group Stock Up 1.0 %

Shares of ZG stock opened at $72.79 on Wednesday. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The firm has a market cap of $17.66 billion, a PE ratio of -154.87, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. The stock has a 50 day moving average of $75.25 and a 200-day moving average of $68.43.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS 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%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

ZG has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Canaccord Genuity Group raised their price target on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Susquehanna boosted their price target on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. UBS Group raised their price objective on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Craig Hallum boosted their target price on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $83.00.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently made changes to their positions in the stock. L & S Advisors Inc bought a new position in Zillow Group during the third quarter valued at about $1,579,000. Mirabella Financial Services LLP acquired a new stake in shares of Zillow Group during the 3rd quarter worth approximately $11,351,000. JPMorgan Chase & Co. increased its position in shares of Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after purchasing an additional 5,539 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after purchasing an additional 32,766 shares during the period. Institutional investors own 20.32% of the company’s stock.

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.