Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman Sells 9,136 Shares

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 9,136 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $73.22, for a total transaction of $668,937.92. Following the transaction, the chief executive officer now directly owns 152,542 shares in the company, valued at $11,169,125.24. The trade was a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, November 13th, Jeremy Wacksman sold 5,985 shares of Zillow Group stock. The stock was sold at an average price of $73.96, for a total transaction of $442,650.60.

Zillow Group Price Performance

NASDAQ:Z traded down $1.27 during mid-day trading on Friday, hitting $73.04. 2,931,536 shares of the stock traded hands, compared to its average volume of 3,765,898. The business’s 50-day moving average price is $63.22 and its 200 day moving average price is $52.84. The company has a market cap of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95. Zillow Group, Inc. has a 12-month low of $37.63 and a 12-month high of $76.69. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Wall Street Analyst Weigh In

Several analysts have commented on Z shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Morgan Stanley lifted their target price on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd grew its stake in Zillow Group by 34.9% in the 3rd quarter. XTX Topco Ltd now owns 14,083 shares of the financial services provider’s stock worth $899,000 after buying an additional 3,647 shares in the last quarter. Quantinno Capital Management LP grew its stake in Zillow Group by 130.7% in the 3rd quarter. Quantinno Capital Management LP now owns 14,245 shares of the financial services provider’s stock worth $910,000 after buying an additional 8,070 shares in the last quarter. Quarry LP grew its stake in Zillow Group by 62.4% in the 3rd quarter. Quarry LP now owns 2,131 shares of the financial services provider’s stock worth $136,000 after buying an additional 819 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Zillow Group by 0.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 59,090 shares of the financial services provider’s stock worth $3,773,000 after acquiring an additional 424 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $2,854,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.