Zillow Group, Inc. (NASDAQ:Z) COO Sells $751,000.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the sale, the chief operating officer now owns 88,130 shares of the company’s stock, valued at $6,618,563. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Trading Up 2.0 %

Zillow Group stock opened at $83.77 on Friday. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $84.75. The business has a fifty day moving average of $65.33 and a two-hundred day moving average of $54.04. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. abrdn plc increased its position in 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 purchased a new stake in Zillow Group in the 2nd quarter valued at about $474,000. IVY Lane Capital Management LLC grew its holdings in Zillow Group by 35.0% in the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after buying an additional 35,000 shares during the period. Entropy Technologies LP acquired a new position in shares of Zillow Group in the 3rd quarter valued at about $1,370,000. Finally, DekaBank Deutsche Girozentrale lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the subject of several recent research reports. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Jefferies Financial Group boosted their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft increased their price target 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. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Four investment 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, the stock presently has an average rating of “Moderate Buy” and an average target price 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.