Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo Sells 10,000 Shares

by · The Cerbat Gem

Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $70.65, for a total transaction of $706,500.00. Following the transaction, the chief operating officer now directly owns 120,186 shares of the company’s stock, valued at $8,491,140.90. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Thursday, May 8th, Jun Choo sold 11,725 shares of Zillow Group stock. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25.
  • On Thursday, February 27th, Jun Choo sold 55,000 shares of Zillow Group stock. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00.
  • On Thursday, February 13th, Jun Choo sold 1,277 shares of Zillow Group stock. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44.

Zillow Group Stock Performance

Zillow Group stock traded up $3.30 during trading hours on Monday, hitting $70.08. The company had a trading volume of 617,139 shares, compared to its average volume of 561,474. The firm has a market cap of $17.00 billion, a P/E ratio of -149.11, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 1 year low of $38.40 and a 1 year high of $86.58. The company has a 50-day moving average price of $66.35 and a two-hundred day moving average price of $71.32.

Zillow Group (NASDAQ:ZG – Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). The company had revenue of $598.00 million during the quarter, compared to analysts’ expectations of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Zillow Group’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Zillow Group in the 4th quarter worth approximately $165,326,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after purchasing an additional 241,331 shares during the period. Virtu Financial LLC lifted its position in shares of Zillow Group by 101.3% in the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after purchasing an additional 211,482 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Zillow Group in the 4th quarter worth approximately $14,916,000. Finally, Sone Capital Management LLC purchased a new stake in shares of Zillow Group in the 4th quarter worth approximately $11,185,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on ZG. Wedbush reissued an “outperform” rating and issued a $90.00 price objective (down from $100.00) on shares of Zillow Group in a research note on Thursday. Benchmark dropped their price objective on shares of Zillow Group from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday. DA Davidson dropped their price objective on shares of Zillow Group from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday. Stephens reissued an “overweight” rating and issued a $73.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, UBS Group dropped their price objective on shares of Zillow Group from $98.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.80.

View Our Latest Analysis on Zillow Group

About Zillow Group

(Get Free Report)

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.

Recommended Stories