Jennifer Rock Sells 5,177 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Key Points

• Jennifer Rock, the Chief Accounting Officer of Zillow Group, sold 5,177 shares of the company at an average price of $82.69, totaling approximately $428,086, which represents a 9.33% decrease in her ownership.
• Zillow Group's stock recently traded at $79.40, with analysts providing mixed ratings; some analysts have set a price target range from $76 to $100.
• Recent institutional investments have resulted in several funds significantly increasing their stakes in Zillow Group, with institutional investors currently holding 71.01% of the stock.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CAO Jennifer Rock sold 5,177 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $82.69, for a total value of $428,086.13. Following the completion of the transaction, the chief accounting officer owned 50,301 shares in the company, valued at approximately $4,159,389.69. This represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, May 14th, Jennifer Rock sold 2,842 shares of Zillow Group stock. The shares were sold at an average price of $68.66, for a total transaction of $195,131.72.

Zillow Group Price Performance

NASDAQ Z traded down $1.52 on Monday, reaching $79.40. The company had a trading volume of 2,568,920 shares, compared to its average volume of 2,651,228. The firm has a market capitalization of $19.17 billion, a PE ratio of -305.38, a P/E/G ratio of 13.14 and a beta of 2.09. Zillow Group, Inc. has a 1 year low of $50.59 and a 1 year high of $89.39. The firm has a 50-day moving average of $74.62 and a 200-day moving average of $72.64.

Analysts Set New Price Targets

Z has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price 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. Zelman & Associates reiterated a "neutral" rating on shares of Zillow Group in a research note on Friday. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Bank of America boosted their target price on Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zillow Group presently has a consensus rating of "Hold" and an average price target of $88.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in Z. IFP Advisors Inc increased its position in Zillow Group by 288.9% in the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 338 shares in the last quarter. TD Private Client Wealth LLC increased its holdings 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. SBI Securities Co. Ltd. lifted its stake in Zillow Group by 58.2% in the second 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 in the last quarter. National Pension Service raised its stake in shares of 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 during the period. Finally, GAMMA Investing LLC grew its stake in shares of Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after acquiring an additional 196 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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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