Zillow Group, Inc. (NASDAQ:Z) Director Amy Bohutinsky Sells 20,625 Shares

Zillow Group, Inc. (NASDAQ:Z) Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $67.84 on Friday. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $68.73. The company has a market cap of $15.70 billion, a PE ratio of -98.32 and a beta of 1.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The business has a 50-day simple moving average of $53.13 and a two-hundred day simple moving average of $48.50.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. As a group, equities analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on Z shares. UBS Group raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $80.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $63.20.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently made changes to their positions in Z. Concord Wealth Partners acquired a new position in Zillow Group in the 1st quarter worth approximately $26,000. Larson Financial Group LLC raised its holdings in shares of Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 481 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Zillow Group during the first quarter valued at $37,000. Principal Securities Inc. purchased a new stake in Zillow Group in the fourth quarter valued at $53,000. Finally, Quarry LP acquired a new stake in Zillow Group during the 2nd quarter worth about $61,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.