Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens Sells 1,212 Shares

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

Zillow Group Stock Performance

Shares of NASDAQ Z traded down $1.27 during trading hours on Friday, reaching $73.04. The stock had a trading volume of 2,931,536 shares, compared to its average volume of 3,765,898. The firm has a market cap of $16.90 billion, a price-to-earnings 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 firm has a 50-day moving average of $63.22 and a 200-day moving average of $52.84. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

A number of equities analysts have weighed in on Z shares. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Bank of America boosted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.33.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently bought and sold shares of Z. Vanguard Group Inc. boosted its stake in shares of Zillow Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock worth $1,039,676,000 after acquiring an additional 176,449 shares in the last quarter. Capital World Investors boosted its position in Zillow Group by 2.8% during the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock worth $431,519,000 after purchasing an additional 238,554 shares in the last quarter. FMR LLC boosted its position in Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares in the last quarter. Dorsal Capital Management LP grew its holdings in Zillow Group by 59.8% in the second 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 increased its position in shares of Zillow Group by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock valued at $66,032,000 after buying an additional 139,489 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.