Insider Selling: Zillow Group, Inc. (NASDAQ:Z) Insider Sells 3,694 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) insider Susan Daimler sold 3,694 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Susan Daimler also recently made the following trade(s):

• On Tuesday, September 10th, Susan Daimler sold 3,484 shares of Zillow Group stock. The stock was sold at an average price of $54.18, for a total value of $188,763.12.

Zillow Group Price Performance

NASDAQ Z traded down $1.27 during midday trading on Friday, hitting $73.04. The company had a trading volume of 2,931,536 shares, compared to its average volume of 3,765,898. Zillow Group, Inc. has a twelve month low of $37.63 and a twelve month high of $76.69. The firm has a 50-day moving average price of $63.22 and a 200-day moving average price of $52.84. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the 3rd quarter valued at $35,000. Larson Financial Group LLC increased its stake in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Zillow Group in the 3rd quarter valued at $74,000. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on Z. Morgan Stanley lifted their target price on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Bank of America lifted their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $50.00 to $80.00 in a report on Monday, September 16th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.33.

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.