Zillow Group, Inc. (NASDAQ:Z) CEO Sells $668,937.92 in Stock

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

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 Trading Down 1.7 %

Shares of Z opened at $73.04 on Friday. Zillow Group, Inc. has a twelve month low of $37.63 and a twelve month high of $76.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company’s fifty day simple moving average is $63.61 and its 200-day simple moving average is $53.05.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on Z. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Morgan Stanley raised their price target on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $80.00 in a report on Monday, September 16th. Finally, UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four equities research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 166 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Zillow Group by 0.5% during the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after buying an additional 198 shares during the period. Doliver Advisors LP raised its stake in Zillow Group by 3.3% in the third quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after buying an additional 310 shares in the last quarter. Blue Trust Inc. boosted its position in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Zillow Group by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 318 shares during the period. Institutional investors own 71.01% of the company’s stock.

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.