Zillow Group Inc (NASDAQ:ZG) was the target of some unusual options trading activity on Thursday. Investors acquired 3,911 put options on the company. This represents an increase of 3,361% compared to the average daily volume of 113 put options.
Shares of Zillow Group stock opened at $35.06 on Friday. The firm has a market capitalization of $7.13 billion, a PE ratio of 233.73 and a beta of 1.21. Zillow Group has a 12 month low of $26.20 and a 12 month high of $65.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72.
Zillow Group (NASDAQ:ZG) last announced its earnings results on Thursday, February 21st. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.20. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. As a group, equities research analysts expect that Zillow Group will post -0.34 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in shares of Zillow Group during the 4th quarter worth $25,000. Resources Investment Advisors Inc. acquired a new position in shares of Zillow Group during the 4th quarter worth $47,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Zillow Group during the 4th quarter worth $116,000. Engineers Gate Manager LP acquired a new position in shares of Zillow Group during the 3rd quarter worth $208,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Zillow Group during the 3rd quarter worth $242,000. 23.73% of the stock is currently owned by institutional investors.
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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 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.
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