Zillow Group, Inc. (NASDAQ:Z) General Counsel Sells $134,813.38 in Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 1,846 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.03, for a total transaction of $134,813.38. Following the transaction, the general counsel now owns 29,893 shares of the company’s stock, valued at approximately $2,183,085.79. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Zillow Group Stock Performance

Shares of Z traded down $1.27 during trading hours on Friday, hitting $73.04. The company’s stock had a trading volume of 2,931,536 shares, compared to its average volume of 3,765,898. The company has a market cap of $16.90 billion, a price-to-earnings ratio of -128.14 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The business has a 50 day simple moving average of $63.22 and a two-hundred day simple moving average of $52.84. Zillow Group, Inc. has a 52-week low of $37.63 and a 52-week high of $76.69.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently bought and sold shares of the company. abrdn plc lifted its position in Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after purchasing an additional 24,247 shares during the last quarter. Prudential PLC bought a new stake in shares of Zillow Group in the 2nd quarter worth approximately $474,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings 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 worth $4,158,000 after acquiring an additional 20,729 shares during the last quarter. Empowered Funds LLC lifted its holdings 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 worth $232,000 after acquiring an additional 606 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Zillow Group by 41.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the financial services provider’s stock worth $1,627,000 after acquiring an additional 10,260 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the topic of several recent research reports. UBS Group raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, Bank of America raised their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Four 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. According to data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $70.33.

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.