Zillow (NASDAQ:Z) CEO Spencer M. Rascoff sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the chief executive officer now owns 112,000 shares of the company’s stock, valued at $5,320,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Z traded up $0.76 during mid-day trading on Monday, reaching $47.94. The stock had a trading volume of 1,935,982 shares, compared to its average volume of 1,606,454. Zillow has a 12 month low of $36.51 and a 12 month high of $59.99. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14.
Zillow (NASDAQ:Z) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.09 earnings per share for the quarter. The business had revenue of $282.33 million during the quarter. Zillow had a negative net margin of 8.77% and a positive return on equity of 0.03%.
Several institutional investors and hedge funds have recently bought and sold shares of Z. Schwab Charles Investment Management Inc. lifted its holdings in shares of Zillow by 6.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 328,974 shares of the financial services provider’s stock worth $13,229,000 after buying an additional 19,561 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Zillow by 1.8% in the fourth quarter. Swiss National Bank now owns 390,534 shares of the financial services provider’s stock worth $15,981,000 after buying an additional 6,800 shares in the last quarter. Coatue Management LLC purchased a new position in shares of Zillow in the fourth quarter worth $13,807,000. First Republic Investment Management Inc. lifted its holdings in shares of Zillow by 9.2% in the fourth quarter. First Republic Investment Management Inc. now owns 17,900 shares of the financial services provider’s stock worth $733,000 after buying an additional 1,508 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Zillow by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 181,282 shares of the financial services provider’s stock worth $7,418,000 after buying an additional 3,792 shares in the last quarter. Institutional investors and hedge funds own 58.61% of the company’s stock.
Several brokerages recently issued reports on Z. DA Davidson began coverage on shares of Zillow in a research report on Wednesday, April 4th. They set a “hold” rating and a $60.00 target price for the company. BidaskClub lowered shares of Zillow from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 17th. KeyCorp set a $63.00 target price on shares of Zillow and gave the company a “buy” rating in a research report on Thursday, April 12th. Cowen reiterated a “hold” rating on shares of Zillow in a research report on Friday, February 9th. Finally, Benchmark reiterated a “buy” rating and issued a $64.00 price target on shares of Zillow in a research report on Friday, April 13th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Zillow has a consensus rating of “Buy” and a consensus target price of $53.23.
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Zillow Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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