Insider Selling: Zillow CEO Sells 10,000 Shares of Stock (Z)

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Zillow (NASDAQ:Z) CEO Spencer M. Rascoff unloaded 10,000 shares of the stock on the open market in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $116.64, for a total value of $1,166,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Z has been the subject of a number of recent research reports. Analysts at SunTrust downgraded shares of Zillow from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $110.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Pacific Crest downgraded shares of Zillow from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 2nd. They now have a $115.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at RBC Capital downgraded shares of Zillow from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 2nd. They now have a $115.00 price target on the stock. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Zillow presently has a consensus rating of “Hold” and an average price target of $105.04.

Shares of Zillow (NASDAQ:Z) opened at 118.14 on Friday. Zillow has a one year low of $50.12 and a one year high of $123.70. The stock has a 50-day moving average of $107.7 and a 200-day moving average of $89.73. The company’s market cap is $4.668 billion.

Zillow (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.10. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $63.21 million. During the same quarter last year, the company posted ($0.11) earnings per share. Zillow’s revenue was up 69.7% compared to the same quarter last year. On average, analysts predict that Zillow will post $0.29 earnings per share for the current fiscal year.

Zillow, Inc (NASDAQ:Z) provides real estate and home-related information.

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