Zillow Group, Inc. (NASDAQ:Z) CEO Sells $442,650.60 in Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 5,985 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total transaction of $442,650.60. Following the transaction, the chief executive officer now owns 161,678 shares in the company, valued at $11,957,704.88. The trade was a 3.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, November 15th, Jeremy Wacksman sold 9,136 shares of Zillow Group stock. The shares were sold at an average price of $73.22, for a total value of $668,937.92.

Zillow Group Stock Down 1.7 %

Shares of NASDAQ:Z opened at $73.04 on Monday. The firm has a market cap of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95. The company has a fifty day simple moving average of $63.61 and a 200 day simple moving average of $53.20. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12-month low of $37.63 and a 12-month high of $76.69.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently modified their holdings of Z. Empowered Funds LLC increased its holdings in shares of Zillow Group by 14.6% in the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 606 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Zillow Group during the first quarter valued at $1,539,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Zillow Group by 1.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 171,894 shares of the financial services provider’s stock worth $7,644,000 after purchasing an additional 3,001 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Zillow Group by 32.1% in 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 during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Zillow Group by 562.3% in the 1st quarter. Intech Investment Management LLC now owns 53,964 shares of the financial services provider’s stock valued at $2,632,000 after buying an additional 45,816 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. 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 stock. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average 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.