Zillow Group, Inc. (NASDAQ:Z) Director Erik C. Blachford Sells 1,413 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) Director Erik C. Blachford sold 1,413 shares of Zillow Group stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $54.87, for a total value of $77,531.31. Following the sale, the director now directly owns 35,403 shares of the company’s stock, valued at approximately $1,942,562.61. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zillow Group Stock Down 2.3 %

Z stock opened at $54.01 on Wednesday. The firm has a market cap of $12.76 billion, a PE ratio of -78.28 and a beta of 1.98. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $61.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The firm’s 50 day moving average price is $50.29 and its 200-day moving average price is $48.09.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The company had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wedbush restated a “neutral” rating and set a $50.00 target price on shares of Zillow Group in a research report on Thursday, August 8th. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Finally, Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.20.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in shares of Zillow Group in the 4th quarter valued at $25,000. Concord Wealth Partners purchased a new position in Zillow Group in the first quarter valued at $26,000. Larson Financial Group LLC raised its stake in Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Zillow Group during the 1st quarter worth about $37,000. Finally, Principal Securities Inc. purchased a new stake in Zillow Group during the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.