Insider Selling: Zillow Group, Inc. (NASDAQ:Z) Director Sells 6,835 Shares of Stock

Key Points

• Zillow Group Director Gordon Sheridan Stephenson sold 6,835 shares at an average price of $82.08, totaling approximately $561,016.80, resulting in a 19.46% decrease in his holdings.
• The company's stock experienced a 1.0% increase, trading at $80.17 with a market cap of $19.36 billion and various analysts providing price target estimates ranging from $76.00 to $100.00.
• Institutional investors have shown significant interest, with several raising their stakes in Zillow Group, which is currently 71.01% owned by hedge funds and other institutional investors.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director Gordon Sheridan Stephenson sold 6,835 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $82.08, for a total transaction of $561,016.80. Following the transaction, the director directly owned 28,290 shares of the company's stock, valued at approximately $2,322,043.20. This represents a 19.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Zillow Group Trading Up 1.0%

Shares of Z traded up $0.77 during mid-day trading on Tuesday, reaching $80.17. The company's stock had a trading volume of 3,684,762 shares, compared to its average volume of 2,657,938. The stock has a market cap of $19.36 billion, a PE ratio of -308.35, a P/E/G ratio of 13.14 and a beta of 2.09. Zillow Group, Inc. has a 52 week low of $51.16 and a 52 week high of $89.39. The company's fifty day moving average price is $74.84 and its two-hundred day moving average price is $72.63.

Institutional Trading of Zillow Group

Several institutional investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC raised its holdings in Zillow Group by 352.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider's stock valued at $32,000 after buying an additional 352 shares during the last quarter. IFP Advisors Inc raised its holdings in Zillow Group by 288.9% during the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after buying an additional 338 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Zillow Group by 58.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider's stock valued at $35,000 after buying an additional 185 shares during the last quarter. National Pension Service raised its holdings in Zillow Group by 74.8% during the 1st quarter. National Pension Service now owns 577 shares of the financial services provider's stock valued at $40,000 after buying an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after buying an additional 196 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. Zelman & Associates reaffirmed a "neutral" rating on shares of Zillow Group in a report on Friday. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Bank of America upped their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Keefe, Bruyette & Woods decreased their price target 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. Nine research 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, the stock currently has an average rating of "Hold" and a consensus 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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