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 stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. This trade represents a 4.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

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

Zillow Group Trading Down 1.7 %

Z stock traded down $1.27 during midday trading on Friday, reaching $73.04. The company’s stock had a trading volume of 2,931,536 shares, compared to its average volume of 3,765,898. Zillow Group, Inc. has a 52 week low of $37.63 and a 52 week high of $76.69. The stock has a market cap of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The business’s 50-day simple moving average is $63.22 and its 200-day simple moving average is $52.84.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Jefferies Financial Group increased their price target 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. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. abrdn plc boosted its position in shares of Zillow Group by 98.0% during the third 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 Zillow Group during the 2nd quarter worth about $474,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Zillow Group by 32.1% during the 1st 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 lifted its position in Zillow Group by 14.6% during the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock worth $232,000 after buying an additional 606 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Zillow Group by 41.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the financial services provider’s stock valued at $1,627,000 after purchasing an additional 10,260 shares during the period. 71.01% of the stock is owned by institutional investors.

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.