Jeremy Wacksman Sells 4,480 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 4,480 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $52.83, for a total transaction of $236,678.40. Following the completion of the transaction, the chief executive officer now directly owns 174,439 shares in the company, valued at $9,215,612.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, August 16th, Jeremy Wacksman sold 6,776 shares of Zillow Group stock. The stock was sold at an average price of $53.07, for a total transaction of $359,602.32.

Zillow Group Stock Performance

Z stock traded up $0.27 during mid-day trading on Friday, reaching $53.60. 3,245,176 shares of the stock traded hands, compared to its average volume of 3,920,158. 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 52 week low of $33.80 and a 52 week high of $61.13. The business has a 50-day moving average of $48.08 and a two-hundred day moving average of $48.33. The firm has a market capitalization of $12.66 billion, a PE ratio of -77.68 and a beta of 1.98.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently bought and sold shares of Z. Dorsal Capital Management LP lifted its stake in shares of Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after buying an additional 1,160,000 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Zillow Group by 7,507.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider’s stock valued at $55,301,000 after buying an additional 1,118,782 shares during the period. Natixis bought a new stake in shares of Zillow Group in the first quarter valued at about $41,129,000. Greencape Capital Pty Ltd raised its position in Zillow Group by 93.0% in the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after purchasing an additional 786,600 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its position in Zillow Group by 238.9% in the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after purchasing an additional 609,575 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Z has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three equities research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.