Zillow Group, Inc. (NASDAQ:Z) Insider Dan Spaulding Sells 4,565 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the transaction, the insider now directly owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zillow Group Stock Performance

Shares of Z stock traded down $1.01 on Monday, reaching $83.70. The stock had a trading volume of 2,164,149 shares, compared to its average volume of 3,735,229. The stock has a market cap of $19.55 billion, a P/E ratio of -148.61 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a 50 day simple moving average of $67.80 and a 200 day simple moving average of $55.96. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88.

Wall Street Analysts Forecast Growth

A number of research firms have commented on Z. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. 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. Jefferies Financial Group lifted their target price on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Four equities 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Institutional Trading of Zillow Group

Several hedge funds have recently bought and sold shares of Z. FMR LLC grew its holdings in Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after purchasing an additional 3,272,118 shares during the period. Groupama Asset Managment bought a new stake in Zillow Group during the third quarter valued at about $83,005,000. Dorsal Capital Management LP boosted its stake in shares of Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after acquiring an additional 1,160,000 shares during the period. Coronation Fund Managers Ltd. boosted its stake in shares of Zillow Group by 238.9% in the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after acquiring an additional 609,575 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Zillow Group in the third quarter worth about $38,310,000. 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.