Bradley D. Owens Sells 1,884 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z – Get Rating) General Counsel Bradley D. Owens sold 1,884 shares of Zillow Group stock in a transaction on Friday, May 19th. The stock was sold at an average price of $45.38, for a total transaction of $85,495.92. Following the completion of the transaction, the general counsel now directly owns 26,872 shares in the company, valued at $1,219,451.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Stock Down 1.0 %

NASDAQ:Z opened at $45.39 on Friday. Zillow Group, Inc. has a 12 month low of $26.14 and a 12 month high of $49.32. The firm has a fifty day simple moving average of $44.17 and a 200-day simple moving average of $40.83. The company has a current ratio of 12.70, a quick ratio of 12.70 and a debt-to-equity ratio of 0.37.

Zillow Group (NASDAQ:Z – Get Rating) last posted its earnings results on Wednesday, May 3rd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $469.00 million for the quarter. Zillow Group had a negative net margin of 5.80% and a negative return on equity of 2.19%.

Wall Street Analysts Forecast Growth

Separately, Gordon Haskett initiated coverage on shares of Zillow Group in a research note on Tuesday, April 18th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. lifted its position in Zillow Group by 371.7% during the first quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 394 shares during the period. Resurgent Financial Advisors LLC acquired a new position in Zillow Group during the fourth quarter valued at $29,000. Belpointe Asset Management LLC acquired a new position in Zillow Group during the fourth quarter valued at $29,000. Eagle Bay Advisors LLC acquired a new position in Zillow Group during the second quarter valued at $36,000. Finally, Eisler Capital UK Ltd. acquired a new position in Zillow Group during the third quarter valued at $34,000. 68.24% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group

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Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.