Insider Selling: Zillow Group (NASDAQ:Z) COO Sells 25,575 Shares of Stock

Key Points

• Zillow Group's COO, Jun Choo, sold 25,575 shares of stock at an average price of $91.06, resulting in a total transaction value of approximately $2.33 million, decreasing his ownership by 18.31%.
• After the sale, Choo still owns 114,129 shares valued at around $10.39 million, and the stock has a current trading price of $85.71, down 1.7% in recent trading.
• Wall Street analysts have issued a consensus rating of "Moderate Buy" for Zillow Group, with an average price target of $88.29, reflecting a mix of ratings with one strong buy, four buy, and seven hold ratings.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) COO Jun Choo sold 25,575 shares of Zillow Group stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following the transaction, the chief operating officer directly owned 114,129 shares of the company's stock, valued at approximately $10,392,586.74. This represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jun Choo also recently made the following trade(s):

• On Wednesday, August 13th, Jun Choo sold 2,969 shares of Zillow Group stock. The stock was sold at an average price of $81.46, for a total value of $241,854.74.
• On Thursday, August 7th, Jun Choo sold 45,710 shares of Zillow Group stock. The shares were sold at an average price of $85.21, for a total transaction of $3,894,949.10.

Zillow Group Trading Down 1.7%

Z stock traded down $1.48 during trading on Wednesday, hitting $85.71. The company had a trading volume of 1,947,457 shares, compared to its average volume of 2,577,543. Zillow Group, Inc. has a 52-week low of $53.90 and a 52-week high of $91.93. The company has a 50 day simple moving average of $81.41 and a 200-day simple moving average of $73.13.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ethic Inc. increased its holdings in Zillow Group by 13.3% in the 4th quarter. Ethic Inc. now owns 8,827 shares of the financial services provider's stock valued at $654,000 after purchasing an additional 1,037 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of Zillow Group by 9.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 58,258 shares of the financial services provider's stock valued at $4,314,000 after buying an additional 5,000 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at $442,000. Occudo Quantitative Strategies LP raised its holdings in shares of Zillow Group by 12.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 14,527 shares of the financial services provider's stock valued at $1,076,000 after buying an additional 1,570 shares during the period. Finally, NorthRock Partners LLC acquired a new position in Zillow Group during the 4th quarter worth about $437,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Bank of America boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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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