Insider Selling: Zillow Group, Inc. (NASDAQ:Z) CAO Sells 3,110 Shares of Stock

Key Points

• The Chief Accounting Officer of Zillow Group, Jennifer Rock, sold 3,110 shares of stock at an average price of $81.48, bringing her total ownership down to 47,191 shares.
• Bank of America and JPMorgan upgraded their price objectives for Zillow Group from $81.00 to $88.00 and from $79.00 to $94.00, respectively, reflecting a positive outlook from analysts.
• Zillow Group's stock recently traded down 0.2% to $85.11, with a market cap of $20.55 billion and a wide price-to-earnings ratio of -327.35.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CAO Jennifer Rock sold 3,110 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $81.48, for a total transaction of $253,402.80. Following the completion of the sale, the chief accounting officer directly owned 47,191 shares in the company, valued at approximately $3,845,122.68. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Jennifer Rock also recently made the following trade(s):

• On Thursday, August 7th, Jennifer Rock sold 5,177 shares of Zillow Group stock. The shares were sold at an average price of $82.69, for a total transaction of $428,086.13.

Zillow Group Trading Down 0.2%

Z stock traded down $0.16 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 cap of $20.55 billion, a price-to-earnings ratio of -327.35, a price-to-earnings-growth ratio of 13.78 and a beta of 2.09. Zillow Group, Inc. has a 1 year low of $52.45 and a 1 year high of $89.39. The firm has a 50 day moving average of $75.67 and a two-hundred day moving average of $72.80.

Wall Street Analyst Weigh In

A number of equities research analysts have commented 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. boosted their price objective on shares of Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. William Blair started coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. Finally, Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zillow Group has an average rating of "Hold" and a consensus target price of $88.29.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently bought and sold shares of Z. Brighton Jones LLC grew its stake in shares of Zillow Group by 2.5% during the 2nd 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 period. Farther Finance Advisors LLC grew its stake in 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 acquiring an additional 159 shares during the last quarter. True Vision MN LLC lifted its holdings in 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 purchasing an additional 161 shares in the last quarter. DoubleLine ETF Adviser LP lifted its holdings in 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 purchasing an additional 163 shares in the last quarter. Finally, Flynn Zito Capital Management LLC lifted its holdings in 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 purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.