Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CEO Sells 6,776 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 6,776 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $53.07, for a total transaction of $359,602.32. Following the completion of the sale, the chief executive officer now directly owns 167,663 shares of the company’s stock, valued at approximately $8,897,875.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Wednesday, August 14th, Jeremy Wacksman sold 4,480 shares of Zillow Group stock. The stock was sold at an average price of $52.83, for a total transaction of $236,678.40.

Zillow Group Stock Up 0.5 %

Z stock traded up $0.27 during trading on Friday, hitting $53.60. 3,245,176 shares of the company’s stock traded hands, compared to its average volume of 3,920,158. The firm has a market capitalization of $12.66 billion, a P/E ratio of -77.68 and a beta of 1.98. The business has a fifty day simple moving average of $48.08 and a two-hundred day simple moving average of $48.33. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of Z. Mirae Asset Global Investments Co. Ltd. grew its holdings in Zillow Group by 14.0% in 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 during the last quarter. International Assets Investment Management LLC purchased a new position in Zillow Group in the fourth quarter worth $9,983,000. Cerity Partners LLC grew its holdings in Zillow Group by 30.3% in the fourth 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. Ninety One UK Ltd grew its holdings in Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock worth $109,898,000 after purchasing an additional 431,070 shares during the last quarter. Finally, Flynn Zito Capital Management LLC purchased a new position in Zillow Group in the fourth quarter worth $272,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on Z. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wedbush reaffirmed a “neutral” rating and set a $50.00 price target on shares of Zillow Group in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating, three have given 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 target price of $57.20.

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.