Shares of Zillow Group, Inc. (NASDAQ:Z – Get Rating) gapped down before the market opened on Friday after Piper Sandler lowered their price target on the stock from $57.00 to $39.00. The stock had previously closed at $39.78, but opened at $35.80. Zillow Group shares last traded at $35.08, with a volume of 90,218 shares.
Separately, Jefferies Financial Group lowered their target price on Zillow Group from $95.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, February 3rd.
In other news, insider Dan Spaulding sold 4,000 shares of Zillow Group stock in a transaction that occurred on Friday, February 11th. The stock was sold at an average price of $54.71, for a total transaction of $218,840.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 2,977 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $55.28, for a total transaction of $164,568.56. The disclosure for this sale can be found here. Insiders sold 35,112 shares of company stock worth $2,099,708 in the last three months. 14.63% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nikko Asset Management Americas Inc. boosted its stake in shares of Zillow Group by 3.2% during the 1st 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 buying an additional 74,338 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Zillow Group by 23.8% in the 1st quarter. IFM Investors Pty Ltd now owns 27,457 shares of the financial services provider’s stock valued at $1,353,000 after purchasing an additional 5,276 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Zillow Group by 125.0% in the 1st quarter. National Bank of Canada FI now owns 385,283 shares of the financial services provider’s stock valued at $18,991,000 after purchasing an additional 214,034 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Zillow Group by 301.9% in the 1st quarter. Pinnacle Associates Ltd. now owns 105,806 shares of the financial services provider’s stock valued at $5,215,000 after purchasing an additional 79,481 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its stake in shares of Zillow Group by 3,395.1% in the 1st quarter. Motley Fool Asset Management LLC now owns 5,033 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 4,889 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.
The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.98. The firm’s 50 day moving average is $49.02 and its 200-day moving average is $57.76. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of -16.84 and a beta of 1.39.
Zillow Group (NASDAQ:Z – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The financial services provider reported ($0.74) earnings per share (EPS) for the quarter. Zillow Group had a negative return on equity of 7.26% and a negative net margin of 6.48%. The company had revenue of $3.88 billion for the quarter.
Zillow Group Company Profile (NASDAQ:Z)
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.
