Zillow Group (Z) Shares Gap Down to $46.36

Shares of Zillow Group, Inc. (NASDAQ:Z) gapped down prior to trading on Friday . The stock had previously closed at $49.72, but opened at $46.36. Zillow Group shares last traded at $45.12, with a volume of 4306018 shares changing hands.

Z has been the topic of a number of research analyst reports. BidaskClub lowered Zillow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Morgan Stanley raised Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Wednesday, January 10th. Canaccord Genuity boosted their target price on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Cowen reissued a “hold” rating on shares of Zillow Group in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $50.07.

The company has a market cap of $5,860.00 and a price-to-earnings ratio of -205.09. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.05 EPS for the quarter. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%.

In other news, insider Greg M. Schwartz sold 16,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $39.20, for a total transaction of $627,200.00. Following the completion of the sale, the insider now owns 28,934 shares in the company, valued at $1,134,212.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $41.18, for a total transaction of $560,048.00. Following the sale, the insider now owns 4,389,208 shares of the company’s stock, valued at approximately $180,747,585.44. The disclosure for this sale can be found here. Insiders sold 702,270 shares of company stock valued at $28,974,088 in the last 90 days. 21.72% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. raised its holdings in Zillow Group by 1.6% during the second quarter. Prudential Financial Inc. now owns 6,284 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 100 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Zillow Group by 878.9% during the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 2,830 shares in the last quarter. Northern Trust Corp raised its holdings in Zillow Group by 0.5% during the second quarter. Northern Trust Corp now owns 669,600 shares of the financial services provider’s stock worth $32,817,000 after purchasing an additional 3,259 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Zillow Group by 16.8% during the second quarter. Parametric Portfolio Associates LLC now owns 74,049 shares of the financial services provider’s stock worth $3,629,000 after purchasing an additional 10,630 shares in the last quarter. Finally, Virtu KCG Holdings LLC purchased a new position in Zillow Group during the second quarter worth about $206,000. Institutional investors and hedge funds own 58.04% of the company’s stock.

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About Zillow Group

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 people 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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