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

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the transaction, the chief technology officer now directly owns 92 shares of the company’s stock, valued at $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Zillow Group Trading Down 1.7 %

Zillow Group stock traded down $1.27 during midday trading on Friday, reaching $73.04. The stock had a trading volume of 2,931,536 shares, 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 stock has a market capitalization of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95. 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 stock’s 50-day simple moving average is $63.22 and its 200 day simple moving average is $52.84.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. 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 report on Friday, August 9th. Morgan Stanley raised their price target on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group in the third quarter worth about $35,000. Larson Financial Group LLC lifted its stake in shares of Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Zillow Group in the third quarter worth about $74,000. 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.