Dan Spaulding Sells 2,991 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the completion of the transaction, the insider now directly owns 70,342 shares of the company’s stock, valued at approximately $3,740,787.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Price Performance

NASDAQ Z opened at $53.60 on Friday. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $61.13. The firm has a market capitalization of $12.66 billion, a PE ratio of -77.68 and a beta of 1.98. The company’s 50 day simple moving average is $48.30 and its 200 day simple moving average is $48.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in Z. Dorsal Capital Management LP boosted its position in shares of Zillow Group by 59.8% during the 2nd 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 in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Zillow Group by 7,507.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider’s stock worth $55,301,000 after buying an additional 1,118,782 shares in the last quarter. Natixis acquired a new position in Zillow Group in the first quarter worth approximately $41,129,000. Greencape Capital Pty Ltd increased its holdings in shares of Zillow Group by 93.0% in the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock valued at $79,647,000 after buying an additional 786,600 shares in the last quarter. Finally, Coronation Fund Managers Ltd. increased its holdings in shares of Zillow Group by 238.9% in the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after buying an additional 609,575 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on Z. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. 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 report on Friday, August 9th. Finally, UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.