Spencer M. Rascoff Sells 29,854 Shares of Zillow Group, Inc. (Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Spencer M. Rascoff sold 29,854 shares of Zillow Group stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $43.94, for a total transaction of $1,311,784.76. Following the sale, the chief executive officer now owns 120,146 shares of the company’s stock, valued at $5,279,215.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Zillow Group, Inc. (NASDAQ:Z) opened at 41.53 on Friday. Zillow Group, Inc. has a one year low of $26.85 and a one year high of $44.49. The company’s market capitalization is $7.61 billion. The stock has a 50 day moving average of $38.14 and a 200-day moving average of $36.45.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.10. The company had revenue of $245.78 million during the quarter. Zillow Group had a negative return on equity of 6.95% and a negative net margin of 26.04%. On average, equities analysts expect that Zillow Group, Inc. will post $0.47 earnings per share for the current year.

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Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price (up from $41.00) on shares of Zillow Group in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a report on Wednesday. Cowen and Company boosted their price objective on shares of Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price objective (down from $42.00) on shares of Zillow Group in a report on Wednesday, February 8th. Finally, Stifel Nicolaus upgraded shares of Zillow Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $43.00 in a report on Tuesday, February 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Zillow Group has a consensus rating of “Hold” and an average target price of $40.57.

A number of hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Zillow Group by 949.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock worth $144,869,000 after buying an additional 3,892,431 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of Zillow Group during the first quarter worth about $4,242,000. Selkirk Management LLC bought a new stake in shares of Zillow Group during the first quarter worth about $337,000. Janus Capital Management LLC increased its stake in shares of Zillow Group by 46.9% in the first quarter. Janus Capital Management LLC now owns 1,173,378 shares of the financial services provider’s stock worth $39,507,000 after buying an additional 374,684 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Zillow Group during the first quarter worth about $545,000. Institutional investors own 86.31% of the company’s stock.

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