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

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were 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 in the company, valued at $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Stock Down 1.7 %

Shares of Z stock opened at $73.04 on Friday. The firm has a fifty day moving average of $63.61 and a two-hundred day moving average of $53.12. Zillow Group, Inc. has a 1-year low of $37.63 and a 1-year 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.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently modified their holdings of Z. Vanguard Group Inc. boosted its holdings in Zillow Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock worth $1,039,676,000 after purchasing an additional 176,449 shares during the period. Capital World Investors lifted its position in shares of Zillow Group by 2.8% in the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock worth $431,519,000 after buying an additional 238,554 shares during the last quarter. FMR LLC boosted its holdings in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after buying an additional 3,272,118 shares during the period. Dorsal Capital Management LP grew its position in shares of Zillow Group by 59.8% during the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after buying an additional 1,160,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Zillow Group by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock worth $66,032,000 after acquiring an additional 139,489 shares during the period. Institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the topic of several analyst reports. Jefferies Financial Group raised their target price on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Finally, 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 report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.