Zillow Group Inc Class C (Z) CEO Spencer M. Rascoff Sells 85,618 Shares

Zillow Group Inc Class C (NASDAQ:Z) CEO Spencer M. Rascoff sold 85,618 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $64.43, for a total value of $5,516,367.74. Following the sale, the chief executive officer now directly owns 97,618 shares of the company’s stock, valued at approximately $6,289,527.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Zillow Group Inc Class C traded up $0.36, reaching $64.35, during trading hours on Thursday, Marketbeat.com reports. The company had a trading volume of 81,956 shares, compared to its average volume of 1,789,781. Zillow Group Inc Class C has a 12 month low of $37.68 and a 12 month high of $65.48. 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 Group Inc Class C (NASDAQ:Z) last posted its earnings results on Monday, May 7th. The financial services provider reported ($0.09) earnings per share for the quarter. Zillow Group Inc Class C had a negative net margin of 9.59% and a negative return on equity of 0.40%. The company had revenue of $299.88 million during the quarter.

A number of equities research analysts have commented on the company. Bank of America raised their price objective on Zillow Group Inc Class C to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 8th. DA Davidson assumed coverage on Zillow Group Inc Class C in a research note on Wednesday, April 4th. They issued a “hold” rating and a $60.00 price objective for the company. BidaskClub cut Zillow Group Inc Class C from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 17th. KeyCorp set a $63.00 price objective on Zillow Group Inc Class C and gave the company a “buy” rating in a research note on Thursday, April 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $55.00 price objective (up previously from $50.00) on shares of Zillow Group Inc Class C in a research note on Tuesday, March 13th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Zillow Group Inc Class C currently has an average rating of “Buy” and an average target price of $55.58.

Several hedge funds have recently bought and sold shares of the company. Tredje AP fonden lifted its holdings in Zillow Group Inc Class C by 3.9% during the first quarter. Tredje AP fonden now owns 27,360 shares of the financial services provider’s stock worth $1,472,000 after acquiring an additional 1,020 shares during the period. Toronto Dominion Bank lifted its holdings in Zillow Group Inc Class C by 17.4% during the first quarter. Toronto Dominion Bank now owns 7,352 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 1,087 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Zillow Group Inc Class C by 17.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,410 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 1,126 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Zillow Group Inc Class C by 1.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 66,838 shares of the financial services provider’s stock worth $2,735,000 after acquiring an additional 1,200 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Zillow Group Inc Class C by 4.1% during the first quarter. Great West Life Assurance Co. Can now owns 37,274 shares of the financial services provider’s stock worth $2,007,000 after acquiring an additional 1,466 shares during the period. Institutional investors own 57.14% of the company’s stock.

Zillow Group Inc Class C 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.

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

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