Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman Sells 4,480 Shares

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 4,480 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $52.83, for a total value of $236,678.40. Following the completion of the transaction, the chief executive officer now owns 174,439 shares in the company, valued at approximately $9,215,612.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 16th, Jeremy Wacksman sold 6,776 shares of Zillow Group stock. The stock was sold at an average price of $53.07, for a total value of $359,602.32.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $53.60 on Monday. The business has a 50-day simple moving average of $48.30 and a 200 day simple moving average of $48.23. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $61.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of -77.68 and a beta of 1.98.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Wedbush restated a “neutral” rating and issued a $50.00 target price 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 research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, UBS Group upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Three 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.20.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Zillow Group during the second quarter worth approximately $61,000. Creative Planning increased its stake in Zillow Group by 29.4% during the 2nd quarter. Creative Planning now owns 18,581 shares of the financial services provider’s stock valued at $862,000 after purchasing an additional 4,217 shares in the last quarter. Algert Global LLC acquired a new position in Zillow Group during the second quarter worth $564,000. Scientech Research LLC bought a new position in shares of Zillow Group in the second quarter valued at $315,000. Finally, Shellback Capital LP acquired a new position in shares of Zillow Group during the second quarter valued at about $2,320,000. Institutional investors and hedge funds 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.