Zillow Group (NASDAQ:Z) CEO Sells $966,605.75 in Stock

Key Points

• Zillow Group CEO Jeremy Wacksman sold 11,275 shares at an average price of $85.73, amounting to approximately $966,605.75, reducing his ownership by 6.86% to 153,113 shares valued at around $13.1 million.
• Analysts have recently adjusted their price targets for Zillow Group, with estimates ranging from $76.00 to $100.00, reflecting mixed sentiments as analysts rate the stock with a consensus "Hold" and an average target of $88.29.
• Institutional investors currently hold 71.01% of Zillow Group's stock, with notable increases in stakes by several funds, indicating sustained interest in the company among large investors.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CEO Jeremy Wacksman sold 11,275 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.73, for a total value of $966,605.75. Following the completion of the sale, the chief executive officer directly owned 153,113 shares of the company's stock, valued at approximately $13,126,377.49. This trade represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Wednesday, August 13th, Jeremy Wacksman sold 7,129 shares of Zillow Group stock. The shares were sold at an average price of $81.49, for a total value of $580,942.21.

Zillow Group Price Performance

Shares of Z stock traded down $2.01 during trading hours on Wednesday, hitting $81.49. The stock had a trading volume of 235,215 shares, compared to its average volume of 2,655,202. The firm has a market capitalization of $19.74 billion, a PE ratio of -313.87, a PEG ratio of 15.91 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. The stock's 50 day moving average is $76.49 and its 200 day moving average is $72.75.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC increased its position in shares of Zillow Group by 352.0% in the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider's stock worth $32,000 after acquiring an additional 352 shares in the last quarter. IFP Advisors Inc increased its position in shares of Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock worth $31,000 after acquiring an additional 338 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Zillow Group by 58.2% in the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider's stock worth $35,000 after acquiring an additional 185 shares in the last quarter. National Pension Service increased its holdings in Zillow Group by 74.8% in the 1st quarter. National Pension Service now owns 577 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Zillow Group by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Analysts Set New Price Targets

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