Zillow Group, Inc. (NASDAQ:Z) COO Jeremy Wacksman Sells 4,603 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZGet Rating) COO Jeremy Wacksman sold 4,603 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $35.27, for a total transaction of $162,347.81. Following the completion of the sale, the chief operating officer now owns 60,556 shares of the company’s stock, valued at approximately $2,135,810.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeremy Wacksman also recently made the following trade(s):

  • On Monday, November 21st, Jeremy Wacksman sold 3,799 shares of Zillow Group stock. The shares were sold at an average price of $35.00, for a total transaction of $132,965.00.
  • On Wednesday, November 16th, Jeremy Wacksman sold 5,619 shares of Zillow Group stock. The shares were sold at an average price of $36.78, for a total transaction of $206,666.82.

Zillow Group Trading Up 3.0 %

Shares of NASDAQ:Z traded up $1.03 during trading on Thursday, reaching $35.48. The stock had a trading volume of 2,150,908 shares, compared to its average volume of 3,833,313. The business has a fifty day moving average price of $31.57 and a 200-day moving average price of $34.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.09 and a current ratio of 12.09. Zillow Group, Inc. has a fifty-two week low of $26.14 and a fifty-two week high of $65.88.

Zillow Group (NASDAQ:ZGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported ($0.20) earnings per share for the quarter. The firm had revenue of $483.00 million during the quarter. Zillow Group had a negative net margin of 3.01% and a negative return on equity of 3.16%.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Zillow Group by 8.4% in the first quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider’s stock valued at $1,166,953,000 after purchasing an additional 1,837,593 shares during the period. Eminence Capital LP grew its holdings in Zillow Group by 9.1% in the first quarter. Eminence Capital LP now owns 4,447,791 shares of the financial services provider’s stock valued at $219,232,000 after purchasing an additional 369,601 shares during the period. Dorsal Capital Management LLC grew its holdings in Zillow Group by 36.0% in the first quarter. Dorsal Capital Management LLC now owns 2,850,000 shares of the financial services provider’s stock valued at $140,477,000 after purchasing an additional 755,000 shares during the period. Nikko Asset Management Americas Inc. grew its holdings in Zillow Group by 3.2% in the first quarter. Nikko Asset Management Americas Inc. now owns 2,379,289 shares of the financial services provider’s stock valued at $118,013,000 after purchasing an additional 74,338 shares during the period. Finally, Coatue Management LLC grew its holdings in Zillow Group by 80.8% in the first quarter. Coatue Management LLC now owns 2,358,800 shares of the financial services provider’s stock valued at $116,265,000 after purchasing an additional 1,054,471 shares during the period. Institutional investors and hedge funds own 70.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Zillow Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. Jefferies Financial Group cut their target price on shares of Zillow Group from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, October 6th.

About Zillow Group

(Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

Further Reading

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

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