Zillow Group, Inc. (NASDAQ:Z) Insider Sells $1,250,690.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 17,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now owns 22,739 shares of the company’s stock, valued at $1,672,908.23. The trade was a 42.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zillow Group Trading Up 2.0 %

Shares of NASDAQ:Z opened at $83.77 on Friday. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of -146.96 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. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $84.75. The company’s fifty day simple moving average is $65.81 and its 200 day simple moving average is $54.33.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Morgan Stanley increased their price target 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Bank of America lifted their price target 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. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of Z. Larson Financial Group LLC grew its holdings in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 481 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Zillow Group in the third quarter valued at approximately $35,000. Blue Trust Inc. increased its position in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Zillow Group during the 2nd quarter worth approximately $61,000. Institutional investors own 71.01% of the company’s stock.

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.