Bradley D. Owens Sells 3,014 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Key Points

• Bradley D. Owens, General Counsel of Zillow Group, Inc., sold 3,014 shares for approximately $257,244.90, reducing his ownership in the company by 6.61%.
• Zillow Group's stock price decreased by 0.2%, closing at $85.11, with a market capitalization of $20.55 billion.
• Institutional investors own 71.01% of Zillow's stock, with Vanguard Group and Eminence Capital significantly increasing their stakes in the company during recent quarters.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) General Counsel Bradley D. Owens sold 3,014 shares of Zillow Group stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $85.35, for a total value of $257,244.90. Following the sale, the general counsel directly owned 42,593 shares in the company, valued at approximately $3,635,312.55. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zillow Group Stock Down 0.2%

Zillow Group stock traded down $0.16 during mid-day trading on Friday, hitting $85.11. The company's stock had a trading volume of 2,391,941 shares, compared to its average volume of 2,682,273. The stock has a market capitalization of $20.55 billion, a P/E ratio of -327.35, a P/E/G ratio of 13.78 and a beta of 2.09. Zillow Group, Inc. has a twelve month low of $52.45 and a twelve month high of $89.39. The stock's fifty day moving average price is $75.67 and its two-hundred day moving average price is $72.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in Z. Vanguard Group Inc. grew its position in Zillow Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider's stock worth $1,548,767,000 after purchasing an additional 1,628,577 shares in the last quarter. Eminence Capital LP grew its position in Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider's stock worth $278,710,000 after purchasing an additional 1,546,577 shares in the last quarter. Holocene Advisors LP purchased a new position in Zillow Group during the 2nd quarter worth approximately $57,021,000. Ninety One UK Ltd grew its position in Zillow Group by 17.4% during the 2nd quarter. Ninety One UK Ltd now owns 4,731,948 shares of the financial services provider's stock worth $331,473,000 after purchasing an additional 702,445 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in Zillow Group during the 4th quarter worth approximately $51,835,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Analysts Set New Price Targets

Z has been the topic of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. William Blair initiated coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods cut their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. boosted their target price on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Zillow Group currently has a consensus rating of "Hold" and an average target price 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.

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