Zillow Group Inc (Z) CTO David A. Beitel Sells 636 Shares

Zillow Group Inc (NASDAQ:Z) CTO David A. Beitel sold 636 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $39.39, for a total transaction of $25,052.04. Following the completion of the transaction, the chief technology officer now directly owns 39,050 shares of the company’s stock, valued at $1,538,179.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ Z traded down $1.01 during trading on Thursday, reaching $41.24. 55,088 shares of the stock traded hands, compared to its average volume of 4,551,655. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.98 and a current ratio of 4.73. Zillow Group Inc has a fifty-two week low of $26.38 and a fifty-two week high of $65.70.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.14). The firm had revenue of $454.10 million for the quarter. Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%.



A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Utah Retirement Systems boosted its holdings in Zillow Group by 1.3% during the first quarter. Utah Retirement Systems now owns 22,885 shares of the financial services provider’s stock worth $795,000 after purchasing an additional 285 shares during the last quarter. ETF Managers Group LLC raised its position in Zillow Group by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 2,400 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 327 shares in the last quarter. Advisor Group Inc. raised its position in Zillow Group by 30.1% during the fourth quarter. Advisor Group Inc. now owns 1,447 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 335 shares in the last quarter. Rhumbline Advisers raised its position in Zillow Group by 0.3% during the fourth quarter. Rhumbline Advisers now owns 118,285 shares of the financial services provider’s stock worth $3,735,000 after acquiring an additional 369 shares in the last quarter. Finally, Strs Ohio raised its position in Zillow Group by 33.6% during the first quarter. Strs Ohio now owns 1,662 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 75.01% of the company’s stock.

A number of research firms recently weighed in on Z. BidaskClub raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Bank of America downgraded shares of Zillow Group from a “neutral” rating to an “underperform” rating and set a $31.00 price target for the company. in a research note on Friday, February 22nd. Finally, Cowen raised shares of Zillow Group from a “market perform” rating to an “outperform” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $39.41.

ILLEGAL ACTIVITY WARNING: “Zillow Group Inc (Z) CTO David A. Beitel Sells 636 Shares” was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://dakotafinancialnews.com/2019/05/23/zillow-group-inc-z-cto-david-a-beitel-sells-636-shares.html.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Read More: Diluted Earnings Per Share

Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:Z)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.