Susan Daimler Sells 3,694 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) insider Susan Daimler sold 3,694 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Susan Daimler also recently made the following trade(s):

• On Tuesday, September 10th, Susan Daimler sold 3,484 shares of Zillow Group stock. The stock was sold at an average price of $54.18, for a total value of $188,763.12.

Zillow Group Trading Down 1.7 %

Z opened at $73.04 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52 week low of $37.63 and a 52 week high of $76.69. The business’s 50 day moving average is $63.61 and its two-hundred day moving average is $53.12.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds have recently modified their holdings of Z. abrdn plc increased its position in Zillow Group by 98.0% in the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after acquiring an additional 24,247 shares during the period. Prudential PLC purchased a new position in shares of Zillow Group in the 2nd quarter valued at approximately $474,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Zillow Group by 32.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after purchasing an additional 20,729 shares during the period. Empowered Funds LLC raised its stake in shares of Zillow Group by 14.6% during the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 606 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Zillow Group during the third quarter worth $1,370,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on Z. Morgan Stanley lifted their price target on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group boosted their target price on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four equities research 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 company. According to data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

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.