Zillow Group, Inc. (NASDAQ:Z) CTO Sells $235,150.63 in Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 3,179 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.97, for a total value of $235,150.63. Following the transaction, the chief technology officer now owns 165,015 shares of the company’s stock, valued at approximately $12,206,159.55. This represents a 1.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zillow Group Trading Down 1.7 %

Shares of Z opened at $73.04 on Monday. Zillow Group, Inc. has a fifty-two week low of $37.63 and a fifty-two week high of $76.69. The firm’s 50-day simple moving average is $63.61 and its two-hundred day simple moving average is $53.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Morgan Stanley increased their target price on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average price target of $70.33.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Zillow Group during the third quarter valued at $35,000. Larson Financial Group LLC raised its position in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 481 shares during the last quarter. Blue Trust Inc. boosted its stake in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Zillow Group during the 3rd quarter valued at about $74,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.