Zillow Group Sees Unusually High Options Volume (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:Z) saw unusually large options trading activity on Monday. Traders purchased 21,238 call options on the stock. This represents an increase of approximately 29% compared to the average volume of 16,451 call options.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 2,991 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total transaction of $159,061.38. Following the transaction, the insider now owns 70,342 shares in the company, valued at approximately $3,740,787.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, General Counsel Bradley D. Owens sold 752 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total value of $39,953.76. Following the sale, the general counsel now owns 35,259 shares of the company’s stock, valued at $1,873,310.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 2,991 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the sale, the insider now directly owns 70,342 shares in the company, valued at $3,740,787.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,548 shares of company stock worth $10,221,048. 23.76% of the stock is currently owned by company insiders.

Institutional Trading of Zillow Group

Hedge funds have recently made changes to their positions in the business. Accretive Wealth Partners LLC increased its stake in shares of Zillow Group by 4.3% during the fourth quarter. Accretive Wealth Partners LLC now owns 14,977 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 616 shares during the period. Principal Securities Inc. bought a new position in shares of Zillow Group during the fourth quarter worth approximately $53,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Zillow Group by 3.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 18,527 shares of the financial services provider’s stock worth $1,072,000 after purchasing an additional 604 shares during the period. Level Four Advisory Services LLC increased its stake in shares of Zillow Group by 0.9% during the fourth quarter. Level Four Advisory Services LLC now owns 33,058 shares of the financial services provider’s stock worth $1,913,000 after purchasing an additional 282 shares during the period. Finally, Norges Bank bought a new position in shares of Zillow Group during the fourth quarter worth approximately $34,718,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Up 4.8 %

Z stock opened at $62.59 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a market capitalization of $14.49 billion, a P/E ratio of -90.71 and a beta of 1.94. The business has a 50-day moving average of $51.80 and a 200-day moving average of $48.16. Zillow Group has a fifty-two week low of $33.80 and a fifty-two week high of $63.05.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.13. The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. On average, sell-side analysts anticipate that Zillow Group will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Z has been the topic of a number of research reports. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a research report on Monday. Finally, Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.20.

About Zillow Group

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.