Zillow Group (NASDAQ:Z) Insider Sells $484,049.60 in Stock

Key Points

• Dan Spaulding, an insider at Zillow Group, sold 5,680 shares at an average price of $85.22, totaling approximately $484,049.60, reducing his holdings by 8.70%.
• Zillow Group's stock performance shows a 1-year low of $52.45 and a high of $89.39, with a current trading price of $85.11.
• Institutional investors, including Vanguard Group and Eminence Capital, have increased their stakes in Zillow Group, reflecting growing interest among hedge funds.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) insider Dan Spaulding sold 5,680 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.22, for a total transaction of $484,049.60. Following the completion of the sale, the insider directly owned 59,616 shares in the company, valued at approximately $5,080,475.52. The trade was a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Dan Spaulding also recently made the following trade(s):

• On Wednesday, August 13th, Dan Spaulding sold 3,593 shares of Zillow Group stock. The shares were sold at an average price of $81.49, for a total transaction of $292,793.57.
• On Thursday, August 7th, Dan Spaulding sold 100,000 shares of Zillow Group stock. The shares were sold at an average price of $85.91, for a total value of $8,591,000.00.

Zillow Group Trading Down 2.4%

NASDAQ:Z traded down $2.01 on Wednesday, hitting $81.49. The company's stock had a trading volume of 235,215 shares, compared to its average volume of 2,655,202. The stock has a fifty day moving average of $76.49 and a two-hundred day moving average of $72.75. The firm has a market capitalization of $19.74 billion, a P/E ratio of -313.87, a price-to-earnings-growth ratio of 15.91 and a beta of 2.09. Zillow Group, Inc. has a one year low of $52.86 and a one year high of $89.39.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Zillow Group by 2.5% in the second quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider's stock worth $403,000 after purchasing an additional 140 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Zillow Group by 25.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider's stock valued at $55,000 after buying an additional 159 shares during the last quarter. True Vision MN LLC grew its position in shares of Zillow Group by 2.1% in the 2nd quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider's stock valued at $544,000 after buying an additional 161 shares during the last quarter. DoubleLine ETF Adviser LP grew its position in shares of Zillow Group by 1.5% in the 4th 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 during the last quarter. Finally, Flynn Zito Capital Management LLC grew its position in shares of Zillow Group by 4.5% in the 1st quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider's stock valued at $264,000 after buying an additional 166 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

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

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.