Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CAO Sells 3,187 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares in the company, valued at $5,154,026. This represents a 4.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 15th, Jennifer Rock sold 8,225 shares of Zillow Group stock. The shares were sold at an average price of $73.05, for a total value of $600,836.25.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The shares were sold at an average price of $54.71, for a total transaction of $199,691.50.

Zillow Group Stock Performance

Z stock traded down $1.27 during mid-day trading on Friday, reaching $73.04. 2,931,536 shares of the stock traded hands, compared to its average volume of 3,765,898. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52 week low of $37.63 and a 52 week high of $76.69. The business has a 50-day moving average of $63.22 and a two-hundred day moving average of $52.84. The firm has a market capitalization of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of 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 acquired a new position in shares of Zillow Group during the third quarter valued at about $35,000. Larson Financial Group LLC raised its position in Zillow Group by 364.4% in the second 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 in the last quarter. Blue Trust Inc. raised its position in Zillow Group by 66.3% in the third 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 acquired a new position in Zillow Group in the third quarter worth about $74,000. 71.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on Z. Bank of America boosted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Jefferies Financial Group boosted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their price target on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.33.

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.