Insider Selling: Zillow Group, Inc. (NASDAQ:Z) COO Sells 10,000 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 10,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the sale, the chief operating officer now directly owns 88,130 shares in the company, valued at approximately $6,618,563. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Zillow Group Trading Up 5.5 %

Shares of NASDAQ Z traded up $4.27 during trading on Thursday, hitting $82.15. 5,277,688 shares of the company traded hands, compared to its average volume of 3,765,320. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $82.68. The firm has a market capitalization of $19.19 billion, a P/E ratio of -143.49 and a beta of 1.95. 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 50-day moving average price of $64.82 and a 200-day moving average price of $53.85.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Morgan Stanley boosted their price target on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Four 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently modified their holdings of Z. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the third quarter worth about $35,000. Larson Financial Group LLC boosted its position in shares of Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares during the period. Blue Trust Inc. grew its stake in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Zillow Group during the 3rd quarter valued at about $74,000. 71.01% of the stock is owned by institutional investors and hedge funds.

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.