Insider Selling: Zillow Group (NASDAQ:Z) Director Sells 3,621 Shares of Stock

Key Points

• April Underwood, Director of Zillow Group, sold 3,621 shares of the company's stock on September 8th at an average price of $90.12, resulting in a significant 88.23% decrease in her holdings.
• Zillow Group's stock recently dropped 1.7% to $85.71, with a 12-month trading range between $53.90 and $91.93.
• Several analysts have upgraded Zillow Group's price targets, with JPMorgan raising its target from $79.00 to $94.00 and maintaining an "overweight" rating.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director April Underwood sold 3,621 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $90.12, for a total transaction of $326,324.52. Following the completion of the sale, the director directly owned 483 shares of the company's stock, valued at $43,527.96. The trade was a 88.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

April Underwood also recently made the following trade(s):

• On Thursday, August 7th, April Underwood sold 595 shares of Zillow Group stock. The stock was sold at an average price of $86.01, for a total transaction of $51,175.95.

Zillow Group Trading Down 0.8%

Z stock traded down $0.66 during trading on Monday, hitting $87.12. The company had a trading volume of 1,599,980 shares, compared to its average volume of 2,350,380. The firm has a market capitalization of $21.11 billion, a price-to-earnings ratio of -335.08, a P/E/G ratio of 24.44 and a beta of 2.04. The business has a 50 day moving average of $82.34 and a 200 day moving average of $73.32. Zillow Group, Inc. has a fifty-two week low of $57.00 and a fifty-two week high of $91.93.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Bank of America upped their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.29.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. L1 Capital Pty Ltd bought a new stake in Zillow Group in the second quarter worth about $26,651,000. Osaic Holdings Inc. raised its position in Zillow Group by 10.4% in the second quarter. Osaic Holdings Inc. now owns 22,964 shares of the financial services provider's stock worth $1,606,000 after acquiring an additional 2,163 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Zillow Group by 4.7% in the second quarter. Thrivent Financial for Lutherans now owns 101,412 shares of the financial services provider's stock worth $7,104,000 after acquiring an additional 4,514 shares in the last quarter. Marex Group plc bought a new stake in Zillow Group in the second quarter worth about $2,031,000. Finally, CANADA LIFE ASSURANCE Co raised its position in Zillow Group by 29.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 69,442 shares of the financial services provider's stock worth $4,870,000 after acquiring an additional 15,707 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

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.