Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CTO Sells 3,179 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 3,179 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.97, for a total value of $235,150.63. Following the completion of the sale, the chief technology officer now directly owns 165,015 shares in the company, valued at approximately $12,206,159.55. This represents a 1.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Zillow Group Trading Down 1.7 %

NASDAQ:Z traded down $1.27 during trading hours on Friday, hitting $73.04. 2,931,536 shares of the company were exchanged, compared to its average volume of 3,765,898. The stock has a market capitalization of $16.90 billion, a price-to-earnings ratio of -128.14 and a beta of 1.95. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a one year low of $37.63 and a one year high of $76.69. The company has a fifty day simple moving average of $63.22 and a 200 day simple moving average of $52.84.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. XTX Topco Ltd boosted its stake in Zillow Group by 34.9% during the 3rd quarter. XTX Topco Ltd now owns 14,083 shares of the financial services provider’s stock valued at $899,000 after purchasing an additional 3,647 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Zillow Group by 130.7% in the 3rd quarter. Quantinno Capital Management LP now owns 14,245 shares of the financial services provider’s stock worth $910,000 after buying an additional 8,070 shares during the last quarter. Quarry LP boosted its stake in shares of Zillow Group by 62.4% in the 3rd quarter. Quarry LP now owns 2,131 shares of the financial services provider’s stock worth $136,000 after buying an additional 819 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of Zillow Group by 0.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 59,090 shares of the financial services provider’s stock worth $3,773,000 after buying an additional 424 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Zillow Group in the 3rd quarter worth approximately $2,854,000. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on Z. UBS Group raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $50.00 to $80.00 in a report on Monday, September 16th. Bank of America raised 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. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Finally, Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.