Jun Choo Sells 11,725 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZG) COO Jun Choo sold 11,725 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25. Following the completion of the transaction, the chief operating officer now owns 130,186 shares in the company, valued at approximately $8,952,891.22. This trade represents a 8.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, May 12th, Jun Choo sold 10,000 shares of Zillow Group stock. The shares were sold at an average price of $70.65, for a total transaction of $706,500.00.
• 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 shares were sold at an average price of $77.72, for a total transaction of $99,248.44.

Zillow Group Trading Up 4.9%

NASDAQ:ZG traded up $3.30 on Monday, hitting $70.08. The company had a trading volume of 617,139 shares, compared to its average volume of 561,474. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of -149.11, a PEG ratio of 8.90 and a beta of 2.22. The firm has a 50 day moving average of $66.35 and a two-hundred day moving average of $71.32. Zillow Group, Inc. has a 52 week low of $38.40 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 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 the consensus estimate 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 revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ZG. Stephens reiterated an “overweight” rating and issued a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Piper Sandler upped their price target on shares of Zillow Group from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, March 28th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald increased their target price on shares of Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $81.80.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently modified their holdings of ZG. Norges Bank bought a new position in shares of Zillow Group during the fourth quarter valued at $165,326,000. Arrowstreet Capital Limited Partnership increased its position in shares of Zillow Group by 1,261.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after buying an additional 241,331 shares during the period. Virtu Financial LLC increased its position in shares of Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after buying an additional 211,482 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Zillow Group during the fourth quarter worth $14,916,000. Finally, Sone Capital Management LLC acquired a new stake in Zillow Group in the fourth quarter worth $11,185,000. 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.