What Will Happen to Zillow Group, Inc. Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Zillow Group, Inc. Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Zillow Group, Inc. (Z) registered an unusually high (427) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious Z increase. With 427 contracts traded and 219044 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: Z170120C00035000 closed last at: $2.9 or 21.6% down. The stock decreased 1.55% or $0.54 during the last trading session, hitting $34.39. About 903,713 shares traded hands. Zillow Group, Inc. (NASDAQ:Z) has risen 62.77% since March 1, 2016 and is uptrending. It has outperformed by 53.53% the S&P500.

Analysts await Zillow Group, Inc. (NASDAQ:Z) to report earnings on November, 1.

Zillow Group, Inc. (NASDAQ:Z) Ratings Coverage

Out of 6 analysts covering Zillow Inc (NASDAQ:Z), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Zillow Inc has been the topic of 14 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Wednesday, May 4 by Cowen & Co. The stock of Zillow Group, Inc. (NASDAQ:Z) has “Neutral” rating given on Thursday, August 6 by Macquarie Research. Benchmark maintained Zillow Group, Inc. (NASDAQ:Z) on Tuesday, May 3 with “Buy” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, November 4 report. Morgan Stanley maintained Zillow Group, Inc. (NASDAQ:Z) rating on Thursday, July 14. Morgan Stanley has “Overweight” rating and $40 price target. Benchmark maintained Zillow Group, Inc. (NASDAQ:Z) on Wednesday, November 4 with “Buy” rating. The rating was initiated by Susquehanna on Monday, August 10 with “Neutral”. The stock of Zillow Group, Inc. (NASDAQ:Z) has “Underperform” rating given on Friday, July 31 by Cowen & Co. Morgan Stanley maintained the shares of Z in a report on Wednesday, August 5 with “Buy” rating. The rating was maintained by Stephens on Wednesday, August 26 with “Overweight”.

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