Zillow Group, Inc. (NASDAQ:Z) CAO Sells $235,838.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00. Following the transaction, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. This represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jennifer Rock also recently made the following trade(s):

• On Friday, November 15th, Jennifer Rock sold 8,225 shares of Zillow Group stock. The shares were sold at an average price of $73.05, for a total transaction of $600,836.25.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total value of $199,691.50.

Zillow Group Stock Down 1.7 %

Shares of Z stock opened at $73.04 on Friday. The firm’s 50 day moving average price is $63.61 and its two-hundred day moving average price is $53.12. Zillow Group, Inc. has a 52-week low of $37.63 and a 52-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.

Analyst Upgrades and Downgrades

A number of research firms have commented on Z. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Morgan Stanley upped their price target on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Four equities 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 company. Based on data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in Z. Larson Financial Group LLC boosted 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 during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Zillow Group during the third quarter worth $35,000. Blue Trust Inc. grew 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 buying an additional 313 shares during the period. Finally, Quarry LP bought a new stake in shares of Zillow Group in the 2nd quarter valued at $61,000. 71.01% of the stock is currently owned by institutional investors.

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.