Zillow Group, Inc. (NASDAQ:Z) CEO Spencer M. Rascoff sold 22,400 shares of Zillow Group stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $45.73, for a total transaction of $1,024,352.00. Following the completion of the transaction, the chief executive officer now owns 7,500 shares in the company, valued at approximately $342,975. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Zillow Group, Inc. (NASDAQ Z) opened at 40.85 on Wednesday. The firm’s market capitalization is $7.58 billion. Zillow Group, Inc. has a one year low of $31.22 and a one year high of $51.23. The company has a 50-day moving average of $45.63 and a 200 day moving average of $40.50.
Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. The firm had revenue of $266.85 million for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. On average, analysts anticipate that Zillow Group, Inc. will post $0.52 EPS for the current year.
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Several institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in Zillow Group by 3.2% in the first quarter. State Street Corp now owns 1,882,809 shares of the financial services provider’s stock valued at $63,392,000 after buying an additional 59,060 shares during the last quarter. BlackRock Inc. increased its stake in Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock valued at $184,301,000 after buying an additional 5,188,752 shares during the last quarter. Principal Financial Group Inc. increased its stake in Zillow Group by 5.8% in the first quarter. Principal Financial Group Inc. now owns 10,971 shares of the financial services provider’s stock valued at $369,000 after buying an additional 597 shares during the last quarter. Clearbridge Investments LLC increased its stake in Zillow Group by 1.4% in the first quarter. Clearbridge Investments LLC now owns 1,181,098 shares of the financial services provider’s stock valued at $39,768,000 after buying an additional 16,056 shares during the last quarter. Finally, Morgan Stanley increased its stake in Zillow Group by 34.3% in the first quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider’s stock valued at $101,176,000 after buying an additional 767,765 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.
Several research firms have recently issued reports on Z. Needham & Company LLC restated a “buy” rating and set a $48.00 price objective (up previously from $41.00) on shares of Zillow Group in a report on Friday, May 5th. BidaskClub downgraded shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Cowen and Company boosted their price objective on shares of Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, May 15th. Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, Benchmark Co. reissued a “buy” rating and issued a $55.00 target price on shares of Zillow Group in a research note on Sunday, July 2nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Zillow Group has an average rating of “Hold” and a consensus price target of $46.06.
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