Zillow Group, Inc. (NASDAQ:Z) CTO Sells $169,035.16 in Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 3,199 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $52.84, for a total value of $169,035.16. Following the sale, the chief technology officer now directly owns 168,194 shares in the company, valued at $8,887,370.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zillow Group Stock Down 0.5 %

NASDAQ:Z traded down $0.29 during trading hours on Thursday, hitting $53.33. 3,187,985 shares of the company’s stock traded hands, compared to its average volume of 3,928,035. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $61.13. The stock’s fifty day moving average price is $47.87 and its two-hundred day moving average price is $48.29. The firm has a market cap of $12.60 billion, a P/E ratio of -77.29 and a beta of 1.98.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Legacy Capital Group California Inc. increased its position in Zillow Group by 3.1% in the 4th quarter. Legacy Capital Group California Inc. now owns 8,794 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 264 shares during the last quarter. Level Four Advisory Services LLC increased its position in Zillow Group by 0.9% in the 4th quarter. Level Four Advisory Services LLC now owns 33,058 shares of the financial services provider’s stock worth $1,913,000 after purchasing an additional 282 shares during the last quarter. Flynn Zito Capital Management LLC boosted its stake in shares of Zillow Group by 7.2% during the 2nd quarter. Flynn Zito Capital Management LLC now owns 4,810 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 325 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Zillow Group by 0.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 86,527 shares of the financial services provider’s stock worth $4,221,000 after acquiring an additional 403 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Zillow Group during the 4th quarter worth about $25,000. 71.01% of the stock is owned by institutional investors and hedge funds.

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.