Zillow Group, Inc. (NASDAQ:Z) Short Interest Update

Zillow Group, Inc. (NASDAQ:Z) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 12,030,000 shares, a drop of 18.9% from the October 31st total of 14,830,000 shares. Based on an average daily trading volume, of 3,330,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 7.9% of the company’s shares are sold short.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, the chief accounting officer now owns 69,649 shares in the company, valued at approximately $5,154,026. The trade was a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan Daimler sold 3,484 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total transaction of $188,763.12. Following the sale, the insider now owns 22,464 shares in the company, valued at approximately $1,217,099.52. This trade represents a 13.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 160,439 shares of company stock valued at $11,576,823 over the last 90 days. 23.76% of the stock is owned by company insiders.

Institutional Trading of Zillow Group

Large investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Zillow Group during the third quarter worth $35,000. Larson Financial Group LLC increased its position in Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Zillow Group in the third quarter valued at $74,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on Z. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $50.00 to $80.00 in a report on Monday, September 16th. Morgan Stanley upped their price objective on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group upped their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Trading Down 0.9 %

NASDAQ:Z opened at $84.71 on Monday. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of -148.61 and a beta of 1.95. Zillow Group has a 1 year low of $38.45 and a 1 year high of $86.88. The stock has a fifty day moving average price of $67.80 and a two-hundred day moving average price of $55.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.