On Thursday, Zillow stock (NASDAQ:Z) saw abnormally high options trading. Investors bought 116,276 put options on Zillow stock. This is a 443% increase above the average daily volume of 21,416 put options.
Wall Street Analysts Comment on Zillow Stock.
Several recent analyst reports have focused on Zillow stock (NASDAQ:Z). In a report issued on Thursday, September 8th, Jefferies Financial Group raised their price target on Zillow stock (NASDAQ:Z) from $48.00 to $50.00 and gave the company a “buy” rating. On Thursday, August 18th, Morgan Stanley lowered their target price on Zillow stock (NASDAQ:Z) from $42.00 to $40.00 and assigned the company an “equal weight” rating.
Zillow stock (NASDAQ:Z) now has a consensus rating of “Moderate Buy” and a consensus price target of $64.75, according to MarketBeat.com.
Zillow Group Institutional Trading
Hedge funds and other institutional investors have lately purchased and sold company stock. In the first quarter, Westside Investment Inc. increased its stake in Zillow Group by 86.2%. X Square Capital LLC increased its Zillow stock (NASDAQ:Z) holdings by 1.7% during the first quarter. With an additional 282 shares added during the last quarter, X Square Capital LLC currently owns 17,186 shares of Zillow stock (NASDAQ:Z), valued at $847,000. During the second quarter, Ellevest Inc. increased its holdings of Zillow stock (NASDAQ:Z) by 53.6%. Ellevest Inc. now owns 940 shares of Zillow stock (NASDAQ:Z), valued at $30,000, after purchasing 328 more shares during the last quarter. Park Avenue Securities LLC increased its stake in Zillow Group by 2.7% in the second quarter.
Zillow Stock Is Now Down 3.3%.
On Thursday, Zillow stock (NASDAQ:Z) opened at $31.27. The stock has a 50-day moving average of $35.50 and a 200-day moving average of $39.77. The stock has a $7.70 billion market value, a PE ratio of -14.02, and a beta of 1.42. The Zillow Group has a one-year low of $28.61 and a one-year high of $104.05. The debt-to-equity ratio is 0.36, the current ratio is 12.65, and the quick ratio is 12.57.
On Thursday, August 4th, Zillow Group (NASDAQ:Z) issued its quarterly earnings results. For the quarter, the financial services business earned $0.06 per share. Zillow Group had an 8.08% negative return on equity and a 5.19% negative net margin. For the quarter, the company earned $1.01 billion in sales.
The Zillow Group
Zillow Group, Inc., a digital real estate firm, runs real estate brands in the United States via mobile apps and websites. The business is divided into three segments: homes, Internet, Media & Technology, and Mortgages. The Properties division offers resale of homes and title and escrow services to home purchasers and sellers, such as title search processes for title insurance policies, escrow, and other closing services.
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Author Okoro Chinedu 
