Zillow Group, Inc. (NASDAQ:Z) Short Interest Update

Zillow Group, Inc. (NASDAQ:Z) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 14,400,000 shares, an increase of 22.6% from the March 31st total of 11,750,000 shares. Currently, 9.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,030,000 shares, the short-interest ratio is currently 3.6 days.

Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. In other news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. Also, insider Dan Spaulding sold 5,114 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.45, for a total value of $283,571.30. Following the sale, the insider now owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock worth $9,642,508 over the last 90 days. Company insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Several institutional investors have recently made changes to their positions in Z. FMR LLC increased its holdings in Zillow Group by 203.1% in the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after purchasing an additional 2,312,241 shares during the last quarter. Eminence Capital LP increased its holdings in Zillow Group by 11.9% in the 3rd quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider’s stock valued at $142,416,000 after purchasing an additional 329,191 shares during the last quarter. Ninety One UK Ltd increased its holdings in Zillow Group by 29.4% in the 4th quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after purchasing an additional 431,070 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Zillow Group by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,475,559 shares of the financial services provider’s stock worth $85,376,000 after acquiring an additional 80,529 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Zillow Group by 7,507.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider’s stock worth $55,301,000 after acquiring an additional 1,118,782 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Up 1.7 %

Z opened at $43.67 on Monday. 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 company’s 50 day simple moving average is $49.76 and its two-hundred day simple moving average is $48.93. Zillow Group has a 1-year low of $33.80 and a 1-year high of $61.13. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of -64.22 and a beta of 1.75.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The business had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. Analysts expect that Zillow Group will post -0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on Z shares. JPMorgan Chase & Co. increased their price target on Zillow Group from $46.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group increased their price target on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.75.

Zillow Group Company Profile

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.