David A. Beitel Sells 3,179 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 3,179 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.97, for a total transaction of $235,150.63. Following the sale, the chief technology officer now directly owns 165,015 shares of the company’s stock, valued at $12,206,159.55. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Zillow Group Stock Down 1.7 %

Shares of NASDAQ Z opened at $73.04 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1 year low of $37.63 and a 1 year high of $76.69. The stock’s 50-day simple moving average is $63.61 and its 200-day simple moving average is $53.12.

Analyst Upgrades and Downgrades

Z has been the topic of a number of research reports. Jefferies Financial Group raised their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Wedbush raised 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 research report on Monday, September 16th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Bank of America upped their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its stake in Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Zillow Group by 400.0% during 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 period. V Square Quantitative Management LLC bought a new position in Zillow Group in the 3rd quarter worth approximately $35,000. Blue Trust Inc. grew its stake in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares in the last quarter. Finally, Quarry LP bought a new position in Zillow Group in the 2nd quarter valued at about $61,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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.