Insider Selling: Zillow (Z) Insider Sells 35,000 Shares of Stock

Zillow (NASDAQ:Z) insider Stanley B. Humphries sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $55.31, for a total transaction of $1,935,850.00. Following the sale, the insider now directly owns 35,248 shares in the company, valued at approximately $1,949,566.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Zillow opened at $53.00 on Thursday, Marketbeat Ratings reports. Zillow has a 1 year low of $51.79 and a 1 year high of $53.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 7.64 and a quick ratio of 7.64.

Zillow (NASDAQ:Z) last released its quarterly earnings results on Monday, May 7th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. Zillow had a negative net margin of 9.59% and a negative return on equity of 0.40%. The company had revenue of $299.88 million during the quarter.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its stake in Zillow by 574.2% in the 4th quarter. Advisor Group Inc. now owns 3,708 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 3,158 shares during the period. Comerica Bank acquired a new stake in Zillow in the 1st quarter valued at $206,000. Aperio Group LLC acquired a new stake in Zillow in the 1st quarter valued at $245,000. Baird Financial Group Inc. acquired a new stake in Zillow in the 1st quarter valued at $247,000. Finally, Virtu Financial LLC acquired a new stake in Zillow in the 4th quarter valued at $202,000. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on Z shares. BidaskClub cut shares of Zillow from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $55.00 price objective (up previously from $50.00) on shares of Zillow in a research note on Tuesday, March 13th. Benchmark reaffirmed a “buy” rating and set a $64.00 price objective on shares of Zillow in a research note on Friday, April 13th. KeyCorp set a $63.00 price objective on shares of Zillow and gave the stock a “buy” rating in a research note on Thursday, April 12th. Finally, Cowen reaffirmed a “hold” rating on shares of Zillow in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.58.

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.

Insider Buying and Selling by Quarter for Zillow (NASDAQ:Z)

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