Zillow (NASDAQ:Z) Vice Chairman Lloyd D. Frink sold 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $52.50, for a total value of $714,000.00. Following the completion of the transaction, the insider now owns 3,638,114 shares of the company’s stock, valued at approximately $191,000,985. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Zillow traded up $0.20, reaching $51.87, on Monday, according to MarketBeat Ratings. The stock had a trading volume of 873,202 shares, compared to its average volume of 1,756,723. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.64 and a current ratio of 7.64. Zillow has a 12-month low of $37.68 and a 12-month high of $59.99.
Zillow (NASDAQ:Z) last released its earnings results on Monday, May 7th. The financial services provider reported ($0.09) EPS for the quarter. Zillow had a negative net margin of 9.59% and a negative return on equity of 0.40%. The firm had revenue of $299.88 million during the quarter.
Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Zillow by 125.9% during the 1st quarter. Royal Bank of Canada now owns 3,381 shares of the financial services provider’s stock valued at $182,000 after buying an additional 16,423 shares in the last quarter. Advisor Group Inc. increased its position in Zillow by 574.2% during the 4th quarter. Advisor Group Inc. now owns 3,708 shares of the financial services provider’s stock valued at $152,000 after buying an additional 3,158 shares in the last quarter. WINTON GROUP Ltd bought a new position in Zillow during the 1st quarter valued at approximately $201,000. Comerica Bank bought a new position in Zillow during the 1st quarter valued at approximately $206,000. Finally, Aperio Group LLC bought a new position in Zillow during the 1st quarter valued at approximately $245,000. 57.92% of the stock is owned by institutional investors.
A number of research analysts have recently commented on Z shares. Benchmark restated a “buy” rating and issued a $64.00 target price on shares of Zillow in a research note on Friday, April 13th. KeyCorp set a $63.00 target price on Zillow and gave the company a “buy” rating in a research note on Thursday, April 12th. BidaskClub upgraded Zillow from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Bank of America raised their target price on Zillow to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 8th. Finally, Morgan Stanley cut Zillow from an “overweight” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Wednesday, April 18th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average 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.
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