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 the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total value of $442,650.60. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $73.22, for a total transaction of $668,937.92.

Zillow Group Stock Down 1.7 %

Shares of Zillow Group stock opened at $73.04 on Monday. 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 1 year low of $37.63 and a 1 year high of $76.69. The stock has a 50-day moving average price of $63.61 and a 200 day moving average price of $53.20. The company has a market cap of $16.90 billion, a P/E ratio of -128.14 and a beta of 1.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in Z. FMR LLC increased its position in Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the last quarter. Groupama Asset Managment acquired a new position in Zillow Group in the 3rd quarter worth about $83,005,000. Dorsal Capital Management LP increased its position in Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after purchasing an additional 1,160,000 shares during the last quarter. Natixis acquired a new position in Zillow Group in the 1st quarter worth about $41,129,000. Finally, Coronation Fund Managers Ltd. increased its position in Zillow Group by 238.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after purchasing an additional 609,575 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America upped their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley increased 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. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Zillow Group presently has a consensus 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.