Short Interest in Zillow Group, Inc. (NASDAQ:Z) Increases By 21.4%
Zillow Group, Inc. (NASDAQ:Z – Get Free Report) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 20,010,000 shares, an increase of 21.4% from the October 31st total of 16,480,000 shares. Based on an average daily trading volume, of 3,000,000 shares, the short-interest ratio is currently 6.7 days. Currently, 13.0% of the company’s stock are short sold.
Insider Activity
In other news, insider Susan Daimler sold 3,685 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $38.90, for a total transaction of $143,346.50. Following the transaction, the insider now owns 53,059 shares in the company, valued at $2,063,995.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Susan Daimler sold 3,685 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $38.90, for a total transaction of $143,346.50. Following the sale, the insider now owns 53,059 shares of the company’s stock, valued at $2,063,995.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 4,810 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $40.85, for a total value of $196,488.50. Following the sale, the chief financial officer now directly owns 116,524 shares in the company, valued at approximately $4,760,005.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,836 shares of company stock worth $2,630,720. Company insiders own 15.30% of the company’s stock.
Institutional Trading of Zillow Group
Institutional investors have recently made changes to their positions in the company. Zions Bancorporation N.A. boosted its stake in shares of Zillow Group by 371.7% in the first quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 394 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in Zillow Group during the fourth quarter worth $29,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Zillow Group during the third quarter worth $33,000. Eagle Bay Advisors LLC acquired a new position in Zillow Group during the second quarter worth $36,000. Finally, Montag A & Associates Inc. acquired a new position in Zillow Group during the third quarter worth $37,000. 71.17% of the stock is owned by institutional investors and hedge funds.
Zillow Group Stock Down 3.2 %
Zillow Group stock opened at $40.94 on Friday. The stock has a market capitalization of $9.56 billion, a PE ratio of -61.10 and a beta of 1.73. Zillow Group has a 12 month low of $31.10 and a 12 month high of $57.19. The business has a 50 day simple moving average of $40.93 and a 200-day simple moving average of $46.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.84 and a quick ratio of 3.84.
Zillow Group (NASDAQ:Z – Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported ($0.12) EPS for the quarter. The business had revenue of $496.00 million during the quarter. Zillow Group had a negative net margin of 8.24% and a negative return on equity of 2.30%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Zillow Group from $50.00 to $55.00 in a report on Friday, August 4th. TheStreet downgraded Zillow Group from a “c-” rating to a “d+” rating in a report on Thursday, October 5th. Finally, Morgan Stanley decreased their target price on Zillow Group from $55.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Zillow Group presently has an average rating of “Hold” and a consensus target price of $49.75.
Zillow Group Company Profile (Get Free Report)
Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.
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Original: MarketBeat News Feed: Short Interest in Zillow Group, Inc. (NASDAQ:Z) Increases By 21.4%