Jennifer Rock Sells 3,750 Shares of Zillow Group Inc (NASDAQ:Z) Stock

Zillow Group Inc (NASDAQ:Z) CAO Jennifer Rock sold 3,750 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $40.00, for a total transaction of $150,000.00. Following the completion of the sale, the chief accounting officer now directly owns 26,810 shares of the company’s stock, valued at approximately $1,072,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, November 19th, Jennifer Rock sold 4,505 shares of Zillow Group stock. The shares were sold at an average price of $39.12, for a total transaction of $176,235.60.
  • On Thursday, November 14th, Jennifer Rock sold 621 shares of Zillow Group stock. The shares were sold at an average price of $39.06, for a total transaction of $24,256.26.

Shares of Z traded up $0.39 during mid-day trading on Wednesday, reaching $40.57. The stock had a trading volume of 2,619,397 shares, compared to its average volume of 3,016,146. The business’s fifty day moving average is $36.20 and its 200 day moving average is $39.20. Zillow Group Inc has a 52-week low of $27.71 and a 52-week high of $51.47. The company has a current ratio of 3.81, a quick ratio of 2.84 and a debt-to-equity ratio of 0.49.

Zillow Group (NASDAQ:Z) last posted its earnings results on Thursday, November 7th. The financial services provider reported ($0.32) EPS for the quarter. Zillow Group had a negative net margin of 13.95% and a negative return on equity of 7.20%. The company had revenue of $745.21 million during the quarter.

Z has been the subject of a number of analyst reports. TheStreet lowered shares of Zillow Group from a “c-” rating to a “d+” rating in a report on Wednesday, September 4th. BidaskClub raised shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. KeyCorp dropped their price objective on shares of Zillow Group from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Morgan Stanley dropped their price objective on shares of Zillow Group from $37.00 to $32.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Finally, ValuEngine lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Zillow Group currently has a consensus rating of “Hold” and an average target price of $40.71.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coastal Investment Advisors Inc. lifted its position in Zillow Group by 177.0% in the second quarter. Coastal Investment Advisors Inc. now owns 554 shares of the financial services provider’s stock valued at $26,000 after buying an additional 354 shares during the last quarter. WealthStone Inc. acquired a new position in Zillow Group in the second quarter valued at about $30,000. MUFG Americas Holdings Corp acquired a new position in Zillow Group in the second quarter valued at about $32,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Zillow Group during the third quarter worth about $48,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of Zillow Group during the third quarter worth about $60,000. 69.86% of the stock is currently owned by institutional investors.

Zillow Group Company Profile

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.

Further Reading: Hold Rating

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

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