Zillow Group, Inc. (NASDAQ:Z) Director Sells $51,175.95 in Stock

Key Points

• Director Sale: Zillow Group Director April Underwood sold 595 shares of stock for a total of $51,175.95, resulting in a 45.08% decrease in their ownership position.
• Stock Performance: Zillow Group's stock recently traded down to $79.40, with a market capitalization of $19.17 billion and a one-year high of $89.39.
• Analyst Ratings: Analysts have mixed views on Zillow Group, with nine hold ratings, four buy ratings, and one strong buy rating, leading to a consensus target price of $88.29.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director April Underwood sold 595 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $86.01, for a total value of $51,175.95. Following the completion of the sale, the director directly owned 725 shares of the company's stock, valued at approximately $62,357.25. This represents a 45.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Price Performance

Zillow Group stock traded down $1.52 during mid-day trading on Monday, reaching $79.40. The stock had a trading volume of 2,568,920 shares, compared to its average volume of 2,651,228. The company has a market capitalization of $19.17 billion, a price-to-earnings ratio of -305.38, a PEG ratio of 13.14 and a beta of 2.09. Zillow Group, Inc. has a one year low of $50.59 and a one year high of $89.39. The company has a 50-day moving average price of $74.62 and a two-hundred day moving average price of $72.64.

Analyst Upgrades and Downgrades

Z has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their price objective on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday, May 7th. Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research note on Monday, April 28th. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $88.29.

Institutional Investors Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew 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 worth $31,000 after purchasing an additional 338 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Zillow Group by 352.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider's stock worth $32,000 after buying an additional 352 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings 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 period. National Pension Service increased its position in shares of 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 purchasing an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Zillow Group by 47.7% during the first 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 own 71.01% of the company's stock.

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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