Bradley D. Owens Sells 752 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 752 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total value of $39,953.76. Following the transaction, the general counsel now directly owns 35,259 shares in the company, valued at approximately $1,873,310.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Stock Performance

Shares of Z opened at $53.60 on Friday. The firm has a market cap of $12.66 billion, a PE ratio of -77.68 and a beta of 1.98. The stock’s fifty day moving average price is $48.30 and its two-hundred day moving average price is $48.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13.

Wall Street Analyst Weigh In

Z has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. UBS Group upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wedbush reiterated a “neutral” rating and set a $50.00 price target on shares of Zillow Group in a report on Thursday, August 8th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.20.

Institutional Trading of Zillow Group

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Zillow Group in the fourth quarter valued at $25,000. Concord Wealth Partners bought a new stake in shares of Zillow Group in the first quarter valued at $26,000. Larson Financial Group LLC raised its stake in shares of Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Zillow Group in the first quarter valued at $37,000. Finally, Principal Securities Inc. bought a new stake in shares of Zillow Group in the fourth quarter valued at $53,000. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Company Profile

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.