Zillow Group, Inc. (NASDAQ:Z) CTO Sells $4,108,132.50 in Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 56,750 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the sale, the chief technology officer now directly owns 92 shares of the company’s stock, valued at $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Zillow Group Price Performance

Zillow Group stock opened at $73.04 on Friday. Zillow Group, Inc. has a 1 year low of $37.63 and a 1 year high of $76.69. The company’s 50-day moving average is $63.61 and its two-hundred day moving average is $53.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently bought and sold shares of Z. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Zillow Group by 400.0% in 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 period. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $35,000. Larson Financial Group LLC raised its position in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 481 shares during the period. Blue Trust Inc. boosted its stake in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Zillow Group during the third quarter valued at approximately $74,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on Z. Jefferies Financial Group boosted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Morgan Stanley upped their price target on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four research 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 stock. Based on data from MarketBeat.com, Zillow Group currently 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.