Zillow Group, Inc. (NASDAQ:Z) General Counsel Sells $89,663.76 in Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $73.04 on Monday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52-week low of $37.63 and a 52-week high of $76.69. The company has a fifty day moving average of $63.61 and a 200-day moving average of $53.20.

Institutional Trading of Zillow Group

Several hedge funds have recently added to or reduced their stakes in Z. Empowered Funds LLC lifted its position in Zillow Group by 14.6% in the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 606 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Zillow Group during the 1st quarter valued at $1,539,000. State Board of Administration of Florida Retirement System boosted its position in Zillow Group by 1.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 171,894 shares of the financial services provider’s stock valued at $7,644,000 after buying an additional 3,001 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Zillow Group by 32.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock worth $4,158,000 after acquiring an additional 20,729 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Zillow Group by 562.3% in the first quarter. Intech Investment Management LLC now owns 53,964 shares of the financial services provider’s stock valued at $2,632,000 after acquiring an additional 45,816 shares during the period. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Z has been the subject of several recent analyst reports. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Finally, Morgan Stanley raised their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.