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

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 9,136 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $73.22, for a total value of $668,937.92. Following the completion of the transaction, the chief executive officer now owns 152,542 shares of the company’s stock, valued at $11,169,125.24. The trade was a 5.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $442,650.60.

Zillow Group Trading Down 1.7 %

Z stock opened at $73.04 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company’s fifty day simple moving average is $63.61 and its 200 day simple moving average is $53.12. Zillow Group, Inc. has a 12-month low of $37.63 and a 12-month high of $76.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its stake in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after acquiring an additional 3,272,118 shares in the last quarter. Groupama Asset Managment acquired a new position in shares of Zillow Group during the third quarter valued at about $83,005,000. Dorsal Capital Management LP raised its holdings in shares of Zillow Group by 59.8% during the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after purchasing an additional 1,160,000 shares during the period. Natixis bought a new position in shares of Zillow Group during the 1st quarter worth about $41,129,000. Finally, Coronation Fund Managers Ltd. increased its position in Zillow Group by 238.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after buying an additional 609,575 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Z has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. 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 research note on Tuesday, October 22nd. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

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.