Zillow Group, Inc. (NASDAQ:Z) CAO Sells $199,381.50 in Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the sale, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, May 15th, Jennifer Rock sold 2,640 shares of Zillow Group stock. The shares were sold at an average price of $44.17, for a total value of $116,608.80.

Zillow Group Stock Performance

Z stock opened at $53.62 on Thursday. The company has a 50-day simple moving average of $47.87 and a 200 day simple moving average of $48.29. The company has a market capitalization of $12.66 billion, a P/E ratio of -77.71 and a beta of 1.98. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $61.13.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Zillow Group by 63.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,145 shares of the financial services provider’s stock valued at $1,398,000 after purchasing an additional 11,725 shares during the period. Public Sector Pension Investment Board boosted its stake in Zillow Group by 6.2% during the second quarter. Public Sector Pension Investment Board now owns 15,778 shares of the financial services provider’s stock valued at $732,000 after buying an additional 916 shares in the last quarter. Symmetry Investments LP acquired a new position in Zillow Group during the second quarter worth about $464,000. Canada Pension Plan Investment Board raised its position in Zillow Group by 28.4% in the second quarter. Canada Pension Plan Investment Board now owns 191,200 shares of the financial services provider’s stock worth $8,870,000 after acquiring an additional 42,300 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Zillow Group by 89.3% in the 2nd quarter. Edgestream Partners L.P. now owns 18,359 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 8,660 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on Z shares. UBS Group raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Wedbush reissued a “neutral” rating and set a $50.00 price target on shares of Zillow Group in a report on Thursday, August 8th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.20.

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.