Zillow Group, Inc. (NASDAQ:Z) Chairman Richard N. Barton Sells 200,000 Shares

Key Points

• Zillow Group Chairman Richard N. Barton sold 200,000 shares of the company’s stock for approximately $16.98 million, reducing his ownership by 19.17%.
• Despite the recent stock transaction, Zillow shares have shown strong performance with a market cap of $20.47 billion and a price range of $52.86 to $89.39 over the last twelve months.
• Analysts have mixed ratings for Zillow, with a consensus "Hold" rating and a price target averaging around $88.29, reflecting varied investor sentiment.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Chairman Richard N. Barton sold 200,000 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $84.92, for a total transaction of $16,984,000.00. Following the completion of the transaction, the chairman owned 843,248 shares in the company, valued at $71,608,620.16. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $0.61 during trading on Monday, hitting $84.50. 1,551,254 shares of the company's stock traded hands, compared to its average volume of 2,675,014. The firm's fifty day moving average price is $75.96 and its 200 day moving average price is $72.66. Zillow Group, Inc. has a twelve month low of $52.86 and a twelve month high of $89.39. The company has a market cap of $20.47 billion, a PE ratio of -325.00, a PEG ratio of 16.03 and a beta of 2.09.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently added to or reduced their stakes in Z. IFP Advisors Inc lifted 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 purchasing an additional 338 shares during the last quarter. TD Private Client Wealth LLC lifted 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 purchasing an additional 352 shares during the last quarter. SBI Securities Co. Ltd. raised its stake 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 during the last quarter. National Pension Service raised its stake in shares of Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider's stock worth $40,000 after acquiring an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after acquiring an additional 196 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target 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. Bank of America raised their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. William Blair assumed coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating on the stock. 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 research report on Wednesday, May 7th. Finally, Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.

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