Jeremy Wacksman Sells 5,985 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 5,985 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total value of $442,650.60. Following the completion of the sale, the chief executive officer now directly owns 161,678 shares in the company, valued at approximately $11,957,704.88. The trade was a 3.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 15th, Jeremy Wacksman sold 9,136 shares of Zillow Group stock. The shares were sold at an average price of $73.22, for a total value of $668,937.92.

Zillow Group Trading Down 1.7 %

NASDAQ:Z opened at $73.04 on Friday. Zillow Group, Inc. has a 12 month low of $37.63 and a 12 month high of $76.69. 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’s fifty day moving average price is $63.61 and its 200 day moving average price is $53.12.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Bank of America boosted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group boosted their target price on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four equities 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. According to data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in Z. Larson Financial Group LLC raised its stake in Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group during the third quarter worth about $35,000. Blue Trust Inc. lifted its holdings in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Zillow Group in the 2nd quarter valued at about $61,000. 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.