Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CAO Sells $600,836.25 in Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 8,225 shares of Zillow Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.05, for a total transaction of $600,836.25. Following the completion of the transaction, the chief accounting officer now owns 61,424 shares in the company, valued at $4,487,023.20. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The shares were sold at an average price of $74.00, for a total value of $235,838.00.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total transaction of $199,691.50.

Zillow Group Stock Down 1.7 %

NASDAQ:Z opened at $73.04 on Monday. The stock has a 50-day simple moving average of $63.61 and a 200 day simple moving average of $53.20. Zillow Group, Inc. has a 52-week low of $37.63 and a 52-week high of $76.69. The company has a market cap of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on Z shares. Bank of America lifted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, 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 report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently made changes to their positions in the business. Empowered Funds LLC increased its position in shares of Zillow Group by 14.6% in the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 606 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Zillow Group during the 1st quarter worth approximately $1,539,000. State Board of Administration of Florida Retirement System raised its stake in shares of Zillow Group by 1.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 171,894 shares of the financial services provider’s stock worth $7,644,000 after purchasing an additional 3,001 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Zillow Group by 32.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after buying an additional 20,729 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Zillow Group by 562.3% in the first quarter. Intech Investment Management LLC now owns 53,964 shares of the financial services provider’s stock valued at $2,632,000 after buying an additional 45,816 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

About Zillow Group

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.