Shares of Zillow Group Inc (NASDAQ:Z) gapped up prior to trading on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $27.30, but opened at $28.23. Zillow Group shares last traded at $29.18, with a volume of 6106507 shares traded.

Specifically, insider Greg M. Schwartz sold 5,400 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $48.34, for a total value of $261,036.00. Following the completion of the sale, the insider now directly owns 1,800 shares in the company, valued at approximately $87,012. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Spencer M. Rascoff sold 58,050 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $47.66, for a total value of $2,766,663.00. Following the completion of the sale, the chief executive officer now owns 70,050 shares of the company’s stock, valued at $3,338,583. The disclosure for this sale can be found here. Over the last quarter, insiders sold 161,330 shares of company stock valued at $7,424,353. 58.08% of the stock is owned by insiders.

A number of equities analysts have weighed in on Z shares. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Bank of America lowered shares of Zillow Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 7th. KeyCorp dropped their price objective on shares of Zillow Group from $63.00 to $56.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 7th. BidaskClub lowered shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Finally, Susquehanna Bancshares reiterated a “negative” rating and set a $23.00 price objective on shares of Zillow Group in a research note on Wednesday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Zillow Group currently has an average rating of “Hold” and a consensus target price of $48.82.

The company has a market cap of $5.52 billion, a P/E ratio of 194.53 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.14). Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%. The firm had revenue of $343.09 million during the quarter.

Large investors have recently made changes to their positions in the business. Whale Rock Capital Management LLC acquired a new position in shares of Zillow Group during the second quarter valued at approximately $77,448,000. ARK Investment Management LLC increased its stake in shares of Zillow Group by 634.6% during the third quarter. ARK Investment Management LLC now owns 987,749 shares of the financial services provider’s stock valued at $43,708,000 after acquiring an additional 853,288 shares during the period. Global Thematic Partners LLC increased its stake in shares of Zillow Group by 114.7% during the third quarter. Global Thematic Partners LLC now owns 1,574,342 shares of the financial services provider’s stock valued at $69,666,000 after acquiring an additional 841,187 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Zillow Group by 225.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,135,501 shares of the financial services provider’s stock valued at $50,246,000 after acquiring an additional 787,071 shares during the period. Finally, Nikko Asset Management Americas Inc. acquired a new position in shares of Zillow Group during the third quarter valued at approximately $33,361,000. Institutional investors own 61.91% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Zillow Group (Z) Shares Gap Up Following Insider Buying Activity” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2018/11/21/zillow-group-z-shares-gap-up-following-insider-buying-activity.html.

Zillow Group Company Profile (NASDAQ:Z)

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Featured Article: Why investors pay attention to retained earnings

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.