Zillow Group, Inc. (NASDAQ:Z) Insider Sells $393,594.30 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now owns 58,217 shares in the company, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Zillow Group Price Performance

NASDAQ Z opened at $83.97 on Wednesday. The company has a market cap of $19.61 billion, a PE ratio of -147.32 and a beta of 2.01. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $68.49 and its two-hundred day simple moving average is $56.51. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88.

Analysts Set New Price Targets

Z has been the subject of several analyst reports. UBS Group raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Morgan Stanley raised their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group upped their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. abrdn plc boosted its stake in Zillow Group by 98.0% in the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after purchasing an additional 24,247 shares during the period. Prudential PLC purchased a new position in Zillow Group during the second quarter valued at approximately $474,000. IVY Lane Capital Management LLC increased its holdings in Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after acquiring an additional 35,000 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Zillow Group in the 3rd quarter worth approximately $6,267,000. Finally, Entropy Technologies LP bought a new position in Zillow Group in the 3rd quarter valued at $1,370,000. 71.01% of the stock is owned by institutional investors.

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.