Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman Sells 9,136 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 9,136 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.22, for a total value of $668,937.92. Following the transaction, the chief executive officer now owns 152,542 shares of the company’s stock, valued at $11,169,125.24. This trade represents a 5.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Wednesday, November 13th, Jeremy Wacksman sold 5,985 shares of Zillow Group stock. The shares were sold at an average price of $73.96, for a total transaction of $442,650.60.

Zillow Group Price Performance

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

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Zillow Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after buying an additional 176,449 shares during the period. Capital World Investors increased its holdings in Zillow Group by 2.8% during the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after purchasing an additional 238,554 shares during the period. FMR LLC increased its holdings in Zillow Group by 179.5% during the 3rd 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. Dorsal Capital Management LP raised its position in Zillow Group by 59.8% during the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after purchasing an additional 1,160,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Zillow Group by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock worth $66,032,000 after buying an additional 139,489 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of research reports. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.