Zillow Group, Inc. (NASDAQ:Z) Insider Sells $393,594.30 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Zillow Group Trading Down 1.2 %

NASDAQ Z traded down $1.01 on Monday, hitting $83.70. The company’s stock had a trading volume of 2,164,149 shares, compared to its average volume of 3,735,229. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company’s 50-day simple moving average is $67.80 and its 200 day simple moving average is $55.96. The firm has a market cap of $19.55 billion, a P/E ratio of -148.61 and a beta of 2.01.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of Z. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the 3rd quarter worth approximately $35,000. Larson Financial Group LLC increased its position 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 valued at $28,000 after buying an additional 481 shares in the last quarter. Blue Trust Inc. increased its position in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Zillow Group during the 3rd quarter valued at approximately $74,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.33.

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.