Zillow (NASDAQ:Z) CEO Spencer M. Rascoff sold 100,000 shares of the firm’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the chief executive officer now owns 112,000 shares of the company’s stock, valued at approximately $5,320,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:Z opened at $47.50 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 7.11 and a quick ratio of 7.11. Zillow has a twelve month low of $37.65 and a twelve month high of $59.99.
Zillow (NASDAQ:Z) last issued its earnings results on Thursday, February 8th. The financial services provider reported $0.09 earnings per share for the quarter. The firm had revenue of $282.33 million during the quarter. Zillow had a negative net margin of 8.77% and a positive return on equity of 0.03%.
A number of analysts recently issued reports on Z shares. KeyCorp restated an “overweight” rating and set a $65.00 price objective (up previously from $54.00) on shares of Zillow in a report on Thursday, March 15th. Morgan Stanley upgraded shares of Zillow from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a report on Wednesday, January 10th. BidaskClub upgraded shares of Zillow from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 8th. Craig Hallum downgraded shares of Zillow from a “buy” rating to a “hold” rating and set a $49.75 price objective for the company. in a report on Friday, April 13th. Finally, Benchmark restated a “buy” rating and set a $64.00 price objective on shares of Zillow in a report on Friday, April 13th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Zillow presently has an average rating of “Buy” and an average price target of $53.23.
Zillow Company Profile
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.
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