Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens Sells 1,212 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Zillow Group Stock Performance

Z stock opened at $73.04 on Friday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $63.61 and its two-hundred day moving average price is $53.05. Zillow Group, Inc. has a fifty-two week low of $37.63 and a fifty-two week high of $76.69.

Institutional Trading of Zillow Group

Institutional investors have recently bought and sold shares of the business. abrdn plc grew its holdings in shares of Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after purchasing an additional 24,247 shares in the last quarter. Prudential PLC bought a new stake in shares of Zillow Group during the 2nd quarter valued at approximately $474,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Zillow Group by 32.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock worth $4,158,000 after buying an additional 20,729 shares in the last quarter. Empowered Funds LLC increased its holdings in Zillow Group by 14.6% in the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 606 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Zillow Group in the third quarter valued at approximately $1,370,000. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Bank of America boosted their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $70.33.

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.