Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman Sells 9,136 Shares

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CEO Jeremy Wacksman sold 9,136 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $73.22, for a total transaction of $668,937.92. Following the completion of the transaction, the chief executive officer now directly owns 152,542 shares of the company's stock, valued at approximately $11,169,125.24. The trade was a 5.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Wednesday, November 13th, Jeremy Wacksman sold 5,985 shares of Zillow Group stock. The shares were sold at an average price of $73.96, for a total transaction of $442,650.60.

Zillow Group Trading Down 1.7 %

Shares of Z traded down $1.27 during trading hours on Friday, hitting $73.04. 2,931,536 shares of the stock were exchanged, compared to its average volume of 3,765,898. Zillow Group, Inc. has a fifty-two week low of $37.63 and a fifty-two week high of $76.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The business has a 50-day moving average of $63.22 and a 200-day moving average of $52.84. The firm has a market capitalization of $16.90 billion, a P/E ratio of -128.14 and a beta of 1.95.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Zillow Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider's stock worth $1,039,676,000 after purchasing an additional 176,449 shares during the period. Capital World Investors lifted its stake in shares of Zillow Group by 2.8% in the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider's stock valued at $431,519,000 after buying an additional 238,554 shares in the last quarter. FMR LLC lifted its stake in shares of Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock valued at $325,337,000 after buying an additional 3,272,118 shares in the last quarter. Dorsal Capital Management LP lifted its stake in shares of 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 buying an additional 1,160,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Zillow Group by 10.9% during 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 purchasing an additional 139,489 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald raised shares of Zillow Group to a "hold" rating in a research note on Thursday, September 5th. Wedbush raised shares of Zillow Group from a "neutral" rating to an "outperform" rating and raised their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Bank of America raised their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.

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