Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CEO Sells 5,985 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 5,985 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.96, for a total transaction of $442,650.60. Following the completion of the sale, the chief executive officer now owns 161,678 shares in the company, valued at $11,957,704.88. The trade was a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

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

Zillow Group Price Performance

Shares of NASDAQ:Z traded down $1.27 during midday trading on Friday, hitting $73.04. The stock had a trading volume of 2,931,536 shares, compared to its average volume of 3,765,898. The company’s 50-day moving average price is $63.22 and its 200-day moving average price is $52.84. The company has a market capitalization of $16.90 billion, a P/E ratio of -128.14 and a beta of 1.95. Zillow Group, Inc. has a fifty-two week low of $37.63 and a fifty-two week high of $76.69. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently added to or reduced their stakes in Z. Vanguard Group Inc. boosted its stake in shares of Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after purchasing an additional 176,449 shares during the last quarter. Capital World Investors boosted its stake in shares of Zillow Group by 2.8% in the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after purchasing an additional 238,554 shares during the last quarter. FMR LLC boosted its stake in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after purchasing an additional 3,272,118 shares during the last quarter. Dorsal Capital Management LP boosted its stake in shares of Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after purchasing an additional 1,160,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Zillow Group by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock valued at $66,032,000 after purchasing an additional 139,489 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Z has been the topic of several recent analyst reports. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Jefferies Financial Group lifted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Bank of America lifted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average 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.