Zillow Group, Inc. (NASDAQ:Z) Chairman Sells $7,624,500.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the transaction, the chairman now directly owns 582 shares in the company, valued at $29,583.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Stock Up 5.1 %

Zillow Group stock opened at $51.92 on Monday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of -75.25 and a beta of 1.98. The business’s 50-day moving average price is $47.23 and its 200 day moving average price is $48.30. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $61.13.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday. Wedbush reiterated a “neutral” rating and set a $50.00 price objective on shares of Zillow Group in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in Zillow Group in the 4th quarter valued at $9,983,000. DekaBank Deutsche Girozentrale grew its position in shares of Zillow Group by 38.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 63,948 shares of the financial services provider’s stock valued at $3,738,000 after purchasing an additional 17,921 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Zillow Group by 14.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,842 shares of the financial services provider’s stock worth $1,322,000 after purchasing an additional 2,800 shares in the last quarter. Cerity Partners LLC raised its position in shares of Zillow Group by 30.3% during the 4th quarter. Cerity Partners LLC now owns 6,504 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 1,514 shares during the last quarter. Finally, Ninety One UK Ltd lifted its stake in Zillow Group by 29.4% in the 4th quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after buying an additional 431,070 shares in the last quarter. Hedge funds and other 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.