Zillow Group (NASDAQ:Z – Get Rating) is set to announce its earnings results after the market closes on Wednesday, February 15th. Investors interested in listening to the company's conference call can do so using this link.
Zillow Group Stock Up 3.4 %
Shares of NASDAQ Z opened at $46.36 on Wednesday. The company has a market cap of $11.02 billion, a price-to-earnings ratio of -39.97 and a beta of 1.58. The firm's fifty day moving average is $38.80 and its 200 day moving average is $35.34. Zillow Group has a 52 week low of $26.14 and a 52 week high of $65.88. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 0.36.
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Insider Activity
In other news, insider Dan Spaulding sold 3,746 shares of the business's stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $36.78, for a total transaction of $137,777.88. Following the sale, the insider now owns 30,763 shares in the company, valued at approximately $1,131,463.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Dan Spaulding sold 3,746 shares of the company's stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $36.78, for a total value of $137,777.88. Following the transaction, the insider now owns 30,763 shares in the company, valued at approximately $1,131,463.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 2,600 shares of the company's stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $38.34, for a total transaction of $99,684.00. Following the completion of the transaction, the chief accounting officer now owns 62,161 shares in the company, valued at approximately $2,383,252.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,824 shares of company stock worth $2,241,083. Corporate insiders own 15.30% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Ethic Inc. bought a new position in shares of Zillow Group during the 1st quarter valued at approximately $396,000. Quinn Opportunity Partners LLC purchased a new stake in Zillow Group during the 1st quarter valued at $394,000. Prudential Financial Inc. raised its holdings in Zillow Group by 3.0% during the 2nd quarter. Prudential Financial Inc. now owns 11,818 shares of the financial services provider's stock valued at $387,000 after buying an additional 349 shares during the period. Wealthsource Partners LLC purchased a new stake in Zillow Group during the 3rd quarter valued at $266,000. Finally, Alpha Paradigm Partners LLC raised its holdings in Zillow Group by 34.6% during the 3rd quarter. Alpha Paradigm Partners LLC now owns 9,245 shares of the financial services provider's stock valued at $264,000 after buying an additional 2,374 shares during the period. 68.24% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Bank of America upgraded shares of Zillow Group from an "underperform" rating to a "buy" rating and lifted their price target for the company from $22.00 to $42.00 in a report on Monday, January 9th. Morgan Stanley lifted their price target on shares of Zillow Group from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday, January 18th.
About Zillow Group
(Get Rating)
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 & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.
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