Bradley D. Owens Sells 1,846 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 1,846 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $73.03, for a total transaction of $134,813.38. Following the completion of the sale, the general counsel now directly owns 29,893 shares in the company, valued at $2,183,085.79. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Zillow Group Price Performance

NASDAQ Z opened at $73.04 on Friday. The company’s fifty day simple moving average is $63.61 and its 200-day simple moving average is $53.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 52 week low of $37.63 and a 52 week high of $76.69.

Analysts Set New Price Targets

A number of equities analysts have weighed in on Z shares. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group raised their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently added to or reduced their stakes in the company. abrdn plc raised its position in shares of Zillow Group by 98.0% in the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after purchasing an additional 24,247 shares in the last quarter. Prudential PLC bought a new stake in shares of Zillow Group in the second quarter worth $474,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Zillow Group by 32.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after acquiring an additional 20,729 shares in the last quarter. Empowered Funds LLC boosted its stake in Zillow Group by 14.6% during the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 606 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Zillow Group during the 3rd quarter worth $1,370,000. 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.