Zillow Group, Inc. (NASDAQ:Z) Insider Sells $1,250,690.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total value of $1,250,690.00. Following the transaction, the insider now directly owns 22,739 shares in the company, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $83.77 on Friday. The firm has a 50 day moving average of $65.81 and a 200-day moving average of $54.33. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $84.75. 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 stock has a market capitalization of $19.57 billion, a PE ratio of -146.96 and a beta of 1.95.

Analyst Upgrades and Downgrades

Z has been the topic of a number of research analyst reports. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Morgan Stanley lifted their target price on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and an average price target of $70.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Chiron Investment Management LLC acquired a new stake in Zillow Group in the third quarter valued at about $1,291,000. Synergy Financial Group LTD bought a new position in shares of Zillow Group in the third quarter worth about $223,000. Groupama Asset Managment acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $83,005,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Zillow Group by 15.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 45,760 shares of the financial services provider’s stock valued at $2,922,000 after purchasing an additional 6,000 shares during the last quarter. Finally, XTX Topco Ltd increased its position in Zillow Group by 34.9% during the 3rd quarter. XTX Topco Ltd now owns 14,083 shares of the financial services provider’s stock worth $899,000 after purchasing an additional 3,647 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.