Zillow Group (NASDAQ:Z) General Counsel Bradley D. Owens Sells 1,608 Shares

Key Points

• Bradley D. Owens, General Counsel of Zillow Group, sold 1,608 shares at an average price of $81.46, which constitutes a 3.41% decrease in his ownership of the stock.
• Zillow Group has recently seen significant activity from institutional investors, with 71.01% of the stock now owned by such entities, including a 7.8% increase in Vanguard Group's holdings.
• Wall Street analysts have varied ratings on Zillow Group, maintaining an average target price of $88.29, with **Wedbush** and **JPMorgan Chase** both issuing higher price targets recently.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) General Counsel Bradley D. Owens sold 1,608 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $81.46, for a total value of $130,987.68. Following the completion of the transaction, the general counsel directly owned 45,607 shares in the company, valued at approximately $3,715,146.22. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Zillow Group Stock Down 2.9%

Shares of Z traded down $2.40 during midday trading on Wednesday, reaching $81.10. 1,988,886 shares of the stock were exchanged, compared to its average volume of 2,852,618. The stock's 50 day simple moving average is $76.69 and its 200 day simple moving average is $72.81. The company has a market cap of $19.65 billion, a P/E ratio of -311.92, a PEG ratio of 15.73 and a beta of 2.09. Zillow Group, Inc. has a twelve month low of $52.86 and a twelve month high of $89.39.

Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Zillow Group by 2.5% in the 2nd quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider's stock valued at $403,000 after purchasing an additional 140 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Zillow Group by 25.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider's stock worth $55,000 after buying an additional 159 shares during the last quarter. True Vision MN LLC lifted its position in shares of Zillow Group by 2.1% during the 2nd quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider's stock worth $544,000 after buying an additional 161 shares during the last quarter. DoubleLine ETF Adviser LP boosted its stake in Zillow Group by 1.5% in the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock valued at $805,000 after buying an additional 163 shares in the last quarter. Finally, Flynn Zito Capital Management LLC grew its position in Zillow Group by 4.5% in the first quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider's stock valued at $264,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on Z shares. Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Monday, May 5th. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Bank of America boosted their price target on Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Keefe, Bruyette & Woods reduced their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Zillow Group currently has a consensus rating of "Hold" and an average price target of $88.29.

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.