Insider Selling: Zillow Group, Inc. (NASDAQ:Z) Director Sells 241 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director Thielke Claire Cormier sold 241 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $70.45, for a total value of $16,978.45. Following the transaction, the director now directly owns 725 shares of the company's stock, valued at $51,076.25. This represents a 24.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Price Performance

Shares of NASDAQ Z traded up $0.57 during mid-day trading on Monday, hitting $70.94. 1,090,151 shares of the stock traded hands, compared to its average volume of 3,073,665. Zillow Group, Inc. has a twelve month low of $41.67 and a twelve month high of $89.39. The company has a market cap of $17.13 billion, a PE ratio of -150.94, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12. The firm has a 50 day simple moving average of $67.00 and a two-hundred day simple moving average of $73.03.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Zillow Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider's stock worth $1,548,767,000 after buying an additional 1,628,577 shares during the period. Independent Franchise Partners LLP lifted its holdings in Zillow Group by 2.5% during the 1st quarter. Independent Franchise Partners LLP now owns 11,153,697 shares of the financial services provider's stock worth $764,697,000 after buying an additional 271,084 shares during the period. Ninety One UK Ltd raised its position in shares of Zillow Group by 11.4% in the 1st quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider's stock worth $276,263,000 after acquiring an additional 411,742 shares in the last quarter. Dorsal Capital Management LP raised its position in shares of Zillow Group by 4.7% in the 4th quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock worth $248,068,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Zillow Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock worth $212,745,000 after acquiring an additional 28,728 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Wall Street Analyst Weigh In

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

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.