Zillow Group, Inc. (NASDAQ:Z) Insider Errol G. Samuelson Sells 4,219 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the transaction, the insider now owns 168,863 shares in the company, valued at approximately $8,375,604.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Price Performance

Z opened at $48.78 on Friday. Zillow Group, Inc. has a 1-year low of $33.80 and a 1-year high of $61.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The business has a 50 day moving average of $54.40 and a 200-day moving average of $49.10.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. On average, equities analysts expect that Zillow Group, Inc. will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group increased their price target on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. JPMorgan Chase & Co. increased their price objective on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of Z. Raymond James Financial Services Advisors Inc. lifted its position in Zillow Group by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,595 shares of the financial services provider’s stock worth $1,262,000 after purchasing an additional 1,839 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Zillow Group by 38.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,878 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 2,746 shares during the period. MetLife Investment Management LLC bought a new position in shares of Zillow Group during the first quarter valued at $531,000. Great West Life Assurance Co. Can lifted its holdings in shares of Zillow Group by 52.5% during the first quarter. Great West Life Assurance Co. Can now owns 102,746 shares of the financial services provider’s stock valued at $5,368,000 after acquiring an additional 35,379 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Zillow Group by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 671,137 shares of the financial services provider’s stock valued at $33,103,000 after acquiring an additional 9,463 shares during the period. 71.01% of the stock is owned by institutional investors.

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.