Erik C. Blachford Sells 965 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director Erik C. Blachford sold 965 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $70.35, for a total transaction of $67,887.75. Following the sale, the director now owns 35,474 shares in the company, valued at $2,495,595.90. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Zillow Group Stock Performance

Z traded up $0.65 during trading on Thursday, reaching $71.77. 1,498,085 shares of the stock were exchanged, compared to its average volume of 3,146,173. The stock's 50 day moving average price is $66.46 and its two-hundred day moving average price is $73.48. Zillow Group, Inc. has a twelve month low of $41.67 and a twelve month high of $89.39. The stock has a market cap of $17.33 billion, a P/E ratio of -152.70, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12.

Institutional Investors Weigh In On Zillow Group

Large investors have recently modified their holdings of the company. Strs Ohio bought a new stake in Zillow Group during the 1st quarter valued at $828,000. Belpointe Asset Management LLC bought a new position in Zillow Group in the 1st quarter valued at about $691,000. Fortis Capital Advisors LLC acquired a new position in Zillow Group during the 1st quarter valued at about $691,000. Intech Investment Management LLC increased its holdings in Zillow Group by 21.7% during the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider's stock worth $1,407,000 after purchasing an additional 3,653 shares in the last quarter. Finally, SCS Capital Management LLC purchased a new stake in shares of Zillow Group in the first quarter worth approximately $440,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Z has been the subject of several research reports. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday, May 7th. William Blair began coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. dropped their price target on Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.71.

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.