Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CAO Sells 8,225 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 8,225 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the transaction, the chief accounting officer now directly owns 61,424 shares of the company’s stock, valued at approximately $4,487,023.20. The trade was a 11.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00.
• 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 value of $199,691.50.

Zillow Group Stock Down 1.7 %

Shares of Zillow Group stock traded down $1.27 during 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. The company has a 50-day simple moving average of $63.22 and a two-hundred day simple moving average of $52.84. Zillow Group, Inc. has a 1-year low of $37.63 and a 1-year high of $76.69. 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 company has a market cap of $16.90 billion, a price-to-earnings ratio of -128.14 and a beta of 1.95.

Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC lifted its stake 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 purchasing an additional 606 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Zillow Group in the 1st quarter valued at about $1,539,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Zillow Group by 1.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 171,894 shares of the financial services provider’s stock valued at $7,644,000 after acquiring an additional 3,001 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings 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 valued at $4,158,000 after acquiring an additional 20,729 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in Zillow Group by 562.3% during the 1st quarter. Intech Investment Management LLC now owns 53,964 shares of the financial services provider’s stock worth $2,632,000 after buying an additional 45,816 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Z has been the subject of several research analyst reports. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group lifted their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their price target on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.