Zillow Group, Inc. (NASDAQ:Z) Director Thielke Claire Cormier Sells 241 Shares

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director Thielke Claire Cormier sold 241 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $70.45, for a total transaction of $16,978.45. Following the transaction, the director now owns 725 shares of the company's stock, valued at approximately $51,076.25. This represents a 24.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Zillow Group Trading Down 2.0%

NASDAQ Z traded down $1.40 during trading hours on Friday, hitting $70.37. 1,707,780 shares of the company's stock were exchanged, compared to its average volume of 3,096,916. The firm has a market cap of $16.99 billion, a price-to-earnings ratio of -149.72, a PEG ratio of 9.24 and a beta of 2.12. The stock has a 50-day simple moving average of $66.61 and a 200 day simple moving average of $73.40. Zillow Group, Inc. has a 1-year low of $41.67 and a 1-year high of $89.39.

Analyst Ratings Changes

Z has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased 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 research note on Wednesday, May 7th. Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a report on Monday, April 28th. Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of Z. IFP Advisors Inc increased its stake in Zillow Group by 288.9% in the first 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 in the last quarter. National Pension Service raised its stake in Zillow Group by 74.8% during the 1st quarter. National Pension Service now owns 577 shares of the financial services provider's stock worth $40,000 after buying an additional 247 shares during the period. GAMMA Investing LLC boosted its holdings in 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Zillow Group in the first quarter valued at approximately $49,000. Finally, National Bank of Canada FI bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $55,000. 71.01% of the stock is owned by institutional investors.

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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