Zillow Group, Inc. (NASDAQ:Z) Insider Dan Spaulding Sells 3,593 Shares

Key Points

• Dan Spaulding, a Zillow Group insider, sold 3,593 shares of the company's stock for a total of approximately $292,794 on August 13th, reducing his position by 5.22%.
• Zillow Group's stock traded at $85.11, reflecting a 0.2% decline, while the company had a market cap of $20.55 billion.
• Recent analyst ratings for Zillow Group show a mix of opinions, with eight analysts giving it a "hold" rating and the average target price set at $88.29.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) insider Dan Spaulding sold 3,593 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $81.49, for a total value of $292,793.57. Following the completion of the transaction, the insider owned 65,296 shares of the company's stock, valued at $5,320,971.04. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dan Spaulding also recently made the following trade(s):

• On Friday, August 15th, Dan Spaulding sold 5,680 shares of Zillow Group stock. The shares were sold at an average price of $85.22, for a total value of $484,049.60.
• On Thursday, August 7th, Dan Spaulding sold 100,000 shares of Zillow Group stock. The shares were sold at an average price of $85.91, for a total value of $8,591,000.00.

Zillow Group Trading Down 0.2%

Z stock traded down $0.16 during trading on Friday, hitting $85.11. The company had a trading volume of 2,391,941 shares, compared to its average volume of 2,682,273. The company has a fifty day moving average price of $75.67 and a two-hundred day moving average price of $72.80. The company has a market cap of $20.55 billion, a P/E ratio of -327.35, a P/E/G ratio of 13.78 and a beta of 2.09. Zillow Group, Inc. has a fifty-two week low of $52.45 and a fifty-two week high of $89.39.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on Z shares. William Blair began coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut 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. Bank of America lifted their price target on Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of "Hold" and an average target price of $88.29.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of Z. TB Alternative Assets Ltd. raised its position in shares of Zillow Group by 49.0% during the first quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider's stock worth $39,142,000 after acquiring an additional 187,671 shares during the last quarter. American Assets Investment Management LLC bought a new stake in shares of Zillow Group during the first quarter worth $468,000. Alberta Investment Management Corp bought a new stake in Zillow Group in the first quarter valued at about $3,661,000. Cerity Partners LLC increased its holdings in Zillow Group by 67.0% in the first quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider's stock valued at $1,404,000 after purchasing an additional 8,215 shares during the last quarter. Finally, G&S Capital LLC increased its holdings in Zillow Group by 132.2% in the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider's stock valued at $2,326,000 after purchasing an additional 19,319 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

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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