Zillow Group, Inc. (NASDAQ:Z) Insider Errol G. Samuelson Sells 17,000 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total value of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares in the company, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zillow Group Stock Performance

Shares of Z opened at $83.77 on Friday. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $84.75. The company’s 50 day simple moving average is $65.33 and its 200 day simple moving average is $54.04. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of -146.96 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. abrdn plc lifted its holdings in shares of Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 24,247 shares during the period. Prudential PLC purchased a new position in Zillow Group during the second quarter worth approximately $474,000. IVY Lane Capital Management LLC grew its stake in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after buying an additional 35,000 shares during the period. Entropy Technologies LP acquired a new stake in shares of Zillow Group during the 3rd quarter worth $1,370,000. Finally, DekaBank Deutsche Girozentrale raised its position 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 buying an additional 10,260 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on Z shares. Bank of America boosted 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Jefferies Financial Group increased their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. 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 company. Based on data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average price target 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.