Zillow Group, Inc. (NASDAQ:Z) Insider Errol G. Samuelson Sells 6,967 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares in the company, valued at $9,906,735.24. The trade was a 5.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Trading Up 1.6 %

Shares of Z opened at $79.97 on Friday. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company’s 50-day simple moving average is $78.64 and its 200-day simple moving average is $68.42.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. On average, research analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on Z shares. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Jefferies Financial Group upped their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Institutional Trading of Zillow Group

A number of large investors have recently made changes to their positions in Z. PNC Financial Services Group Inc. increased its stake in Zillow Group by 1.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 116 shares during the last quarter. Independent Advisor Alliance increased its stake in Zillow Group by 3.4% in the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. increased its stake in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Zillow Group by 2.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock valued at $529,000 after purchasing an additional 148 shares during the last quarter. Finally, DoubleLine ETF Adviser LP increased its stake in Zillow Group by 1.5% in the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 163 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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.