Zillow Group Target of Unusually Large Options Trading (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:Z) was the target of some unusual options trading on Tuesday. Stock investors acquired 23,402 call options on the company. This represents an increase of 29% compared to the average daily volume of 18,102 call options.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Wedbush reduced their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.20.

Insider Activity

In other news, Director Amy Bohutinsky sold 93,750 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $56.69, for a total value of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares in the company, valued at approximately $320,411.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Amy Bohutinsky sold 93,750 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at approximately $320,411.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeremy Wacksman sold 20,851 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.13, for a total value of $1,149,515.63. Following the completion of the sale, the chief operating officer now directly owns 468 shares in the company, valued at $25,800.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in Zillow Group during the fourth quarter valued at about $25,000. Concord Wealth Partners bought a new position in Zillow Group in the 1st quarter worth approximately $26,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Zillow Group during the third quarter worth approximately $33,000. Montag A & Associates Inc. bought a new stake in shares of Zillow Group in the third quarter valued at approximately $37,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Zillow Group in the first quarter worth $37,000. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Shares of Z stock opened at $43.12 on Wednesday. The firm has a market cap of $10.07 billion, a P/E ratio of -62.49 and a beta of 1.79. The stock’s 50-day moving average is $48.08 and its two-hundred day moving average is $48.98. Zillow Group has a fifty-two week low of $33.80 and a fifty-two week high of $61.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.42). The business had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. During the same period in the prior year, the firm earned ($0.06) earnings per share. Analysts predict that Zillow Group will post -0.18 earnings per share for the current fiscal year.

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.