Dan Spaulding Sells 4,565 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares in the company, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zillow Group Price Performance

Shares of Z opened at $83.97 on Wednesday. The business has a 50-day moving average of $68.49 and a 200-day moving average of $56.51. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $86.88. The company has a market capitalization of $19.61 billion, a price-to-earnings ratio of -147.32 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Wall Street Analyst Weigh In

Z has been the subject of a number of research analyst reports. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Jefferies Financial Group increased their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Morgan Stanley boosted their price target on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average 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. Price T Rowe Associates Inc. MD lifted its stake in Zillow Group by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,263 shares of the financial services provider’s stock valued at $4,355,000 after buying an additional 4,830 shares during the period. DNB Asset Management AS boosted its stake in Zillow Group by 24.7% during the second quarter. DNB Asset Management AS now owns 26,834 shares of the financial services provider’s stock worth $1,245,000 after acquiring an additional 5,308 shares in the last quarter. SG Americas Securities LLC increased its stake in Zillow Group by 146.8% in the second quarter. SG Americas Securities LLC now owns 146,246 shares of the financial services provider’s stock valued at $6,784,000 after purchasing an additional 87,000 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of Zillow Group by 946.1% during the second quarter. Gateway Investment Advisers LLC now owns 178,207 shares of the financial services provider’s stock valued at $8,267,000 after purchasing an additional 161,172 shares during the period. Finally, Mirador Capital Partners LP bought a new position in shares of Zillow Group during the 2nd quarter worth about $654,000. 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.