Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel Sells 56,750 Shares

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CTO David A. Beitel sold 56,750 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. This trade represents a 99.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zillow Group Stock Performance

Zillow Group stock traded down $1.27 during mid-day trading on Friday, reaching $73.04. 2,931,536 shares of the company were exchanged, compared to its average volume of 3,765,898. Zillow Group, Inc. has a twelve month low of $37.63 and a twelve month high of $76.69. The firm's 50-day simple moving average is $63.22 and its two-hundred day simple moving average is $52.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market cap of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95.

Institutional Trading of Zillow Group

A number of hedge funds have recently added to or reduced their stakes in Z. Empowered Funds LLC lifted its holdings in shares of Zillow Group by 14.6% in the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider's stock valued at $232,000 after buying an additional 606 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Zillow Group in the 1st quarter valued at approximately $1,539,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Zillow Group by 1.8% in 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. increased its stake 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 valued at $4,158,000 after purchasing an additional 20,729 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Zillow Group by 562.3% in the 1st quarter. Intech Investment Management LLC now owns 53,964 shares of the financial services provider's stock valued at $2,632,000 after purchasing an additional 45,816 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Thursday, November 7th. Morgan Stanley increased their price objective on Zillow Group from $46.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. UBS Group upgraded Zillow Group to a "strong-buy" rating in a report on Thursday, August 8th. Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Zillow Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Zillow Group presently 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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