Zillow Group (NASDAQ:Z) CTO Sells $2,047,734.70 in Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David Beitel sold 22,510 shares of Zillow Group stock in a transaction on Monday, September 8th. The stock was sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the sale, the chief technology officer owned 144,549 shares of the company’s stock, valued at $13,149,622.53. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Zillow Group Trading Down 1.7%

NASDAQ:Z opened at $85.71 on Thursday. Zillow Group, Inc. has a 12 month low of $53.90 and a 12 month high of $91.93. The firm has a fifty day simple moving average of $81.41 and a 200-day simple moving average of $73.13. The company has a market capitalization of $20.76 billion, a P/E ratio of -329.65, a PEG ratio of 9.14 and a beta of 2.04.

Institutional Trading of Zillow Group

Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Zillow Group by 2.5% in the 2nd quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider’s stock valued at $403,000 after buying an additional 140 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Zillow Group by 25.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 159 shares during the period. True Vision MN LLC lifted its holdings in Zillow Group by 2.1% during the 2nd quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider’s stock worth $544,000 after buying an additional 161 shares in the last quarter. Flynn Zito Capital Management LLC lifted its holdings in Zillow Group by 4.5% during the 1st quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider’s stock worth $264,000 after buying an additional 166 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on Z. Bank of America lifted their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $88.29.

About Zillow Group

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.