Bradley D. Owens Sells 1,212 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the transaction, the general counsel now directly owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zillow Group Trading Down 1.7 %

Shares of Z stock 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 one year low of $37.63 and a one year high of $76.69. The company has a 50 day moving average price of $63.61 and a 200 day moving average price of $53.12.

Institutional Trading of Zillow Group

Several institutional investors have recently made changes to their positions in Z. Groupama Asset Managment acquired a new position in Zillow Group in the third quarter valued at $83,005,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Zillow Group by 15.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 45,760 shares of the financial services provider’s stock worth $2,922,000 after purchasing an additional 6,000 shares during the period. XTX Topco Ltd lifted its stake in shares of Zillow Group by 34.9% in the 3rd quarter. XTX Topco Ltd now owns 14,083 shares of the financial services provider’s stock valued at $899,000 after purchasing an additional 3,647 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Zillow Group by 130.7% during the 3rd quarter. Quantinno Capital Management LP now owns 14,245 shares of the financial services provider’s stock worth $910,000 after purchasing an additional 8,070 shares during the period. Finally, Quarry LP increased its position in Zillow Group by 62.4% during the 3rd quarter. Quarry LP now owns 2,131 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 819 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on Z. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Morgan Stanley upped their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group raised their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price target on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus 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.