Jennifer Rock Sells 8,225 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 8,225 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the transaction, the chief accounting officer now directly owns 61,424 shares of the company’s stock, valued at $4,487,023.20. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jennifer Rock also recently made the following trade(s):

• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The shares were sold at an average price of $74.00, for a total value of $235,838.00.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total value of $199,691.50.

Zillow Group Trading Down 1.7 %

Shares of Z stock traded down $1.27 during trading hours on Friday, hitting $73.04. 2,931,536 shares of the company’s stock traded hands, compared to its average volume of 3,765,898. Zillow Group, Inc. has a 12 month low of $37.63 and a 12 month high of $76.69. The stock’s 50 day simple moving average is $63.22 and its 200 day simple moving average is $52.84. The stock has a market cap of $16.90 billion, a PE ratio of -128.14 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. abrdn plc increased its holdings in Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 24,247 shares during the period. Prudential PLC purchased a new stake in shares of Zillow Group in the 2nd quarter valued at $474,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Zillow Group by 32.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after purchasing an additional 20,729 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Zillow Group by 14.6% in the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 606 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Zillow Group by 41.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the financial services provider’s stock valued at $1,627,000 after buying an additional 10,260 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on Z shares. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Morgan Stanley raised their price target on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Four 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

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.