Jennifer Rock Sells 2,500 Shares of Zillow Group Inc (NASDAQ:Z) Stock

Zillow Group Inc (NASDAQ:Z) CAO Jennifer Rock sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $42.72, for a total transaction of $106,800.00. Following the sale, the chief accounting officer now directly owns 37,623 shares in the company, valued at approximately $1,607,254.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jennifer Rock also recently made the following trade(s):

  • On Monday, May 20th, Jennifer Rock sold 1,972 shares of Zillow Group stock. The stock was sold at an average price of $40.30, for a total transaction of $79,471.60.
  • On Wednesday, May 15th, Jennifer Rock sold 4,406 shares of Zillow Group stock. The stock was sold at an average price of $37.64, for a total transaction of $165,841.84.

NASDAQ:Z traded up $1.54 during trading hours on Friday, hitting $46.39. The company had a trading volume of 4,080,094 shares, compared to its average volume of 2,657,068. The company has a quick ratio of 3.98, a current ratio of 4.73 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $43.04. Zillow Group Inc has a 1 year low of $26.38 and a 1 year high of $63.86.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, May 9th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.14). The company had revenue of $454.10 million during the quarter. Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%.

Hedge funds have recently made changes to their positions in the business. Nikko Asset Management Americas Inc. boosted its stake in shares of Zillow Group by 253.8% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,661,612 shares of the financial services provider’s stock valued at $84,054,000 after buying an additional 1,909,311 shares in the last quarter. Norges Bank acquired a new position in shares of Zillow Group in the fourth quarter worth $38,869,000. Eagle Asset Management Inc. acquired a new position in shares of Zillow Group in the fourth quarter worth $36,824,000. Baillie Gifford & Co. raised its holdings in shares of Zillow Group by 8.8% in the fourth quarter. Baillie Gifford & Co. now owns 11,283,450 shares of the financial services provider’s stock worth $356,332,000 after acquiring an additional 908,527 shares during the last quarter. Finally, Coatue Management LLC raised its holdings in shares of Zillow Group by 522.4% in the fourth quarter. Coatue Management LLC now owns 650,000 shares of the financial services provider’s stock worth $20,527,000 after acquiring an additional 545,558 shares during the last quarter. Institutional investors own 78.23% of the company’s stock.

Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Bank of America raised their target price on shares of Zillow Group from $31.00 to $35.00 and gave the stock an “underperform” rating in a research note on Friday, May 10th. Finally, Cowen upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.41.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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