Zillow Group Inc (NASDAQ:Z) CFO Allen Parker Sells 11,314 Shares

Zillow Group Inc (NASDAQ:Z) CFO Allen Parker sold 11,314 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $39.74, for a total value of $449,618.36. Following the transaction, the chief financial officer now owns 113,464 shares in the company, valued at approximately $4,509,059.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:Z traded down $2.16 during trading on Tuesday, hitting $37.79. 2,382,000 shares of the stock were exchanged, compared to its average volume of 3,034,616. The company has a fifty day moving average price of $33.13 and a two-hundred day moving average price of $38.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.81 and a quick ratio of 2.84. Zillow Group Inc has a 12-month low of $26.38 and a 12-month high of $51.47.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported ($0.32) EPS for the quarter. The firm had revenue of $745.21 million for the quarter. Zillow Group had a negative return on equity of 7.20% and a negative net margin of 13.95%.

Several large investors have recently made changes to their positions in the company. Technology Crossover Management IX Ltd. lifted its stake in Zillow Group by 221.0% in the 2nd quarter. Technology Crossover Management IX Ltd. now owns 3,047,614 shares of the financial services provider’s stock valued at $141,379,000 after buying an additional 2,098,211 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Zillow Group by 54.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,448,059 shares of the financial services provider’s stock valued at $162,461,000 after buying an additional 1,912,042 shares in the last quarter. SRS Investment Management LLC lifted its stake in Zillow Group by 35.4% in the 2nd quarter. SRS Investment Management LLC now owns 5,960,740 shares of the financial services provider’s stock valued at $276,519,000 after buying an additional 1,556,872 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its stake in Zillow Group by 39.5% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 4,995,861 shares of the financial services provider’s stock valued at $148,977,000 after buying an additional 1,414,639 shares in the last quarter. Finally, Artal Group S.A. lifted its stake in Zillow Group by 900.0% in the 2nd quarter. Artal Group S.A. now owns 1,000,000 shares of the financial services provider’s stock valued at $46,390,000 after buying an additional 900,000 shares in the last quarter. 70.36% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the company. TheStreet cut Zillow Group from a “c-” rating to a “d+” rating in a research report on Wednesday, September 4th. Morgan Stanley dropped their target price on Zillow Group from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. KeyCorp dropped their target price on Zillow Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Finally, ValuEngine cut Zillow Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.14.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Read More: What is meant by a buy rating?

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

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.