Zillow Group (NASDAQ:Z) Director April Underwood Sells 3,621 Shares

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 firm'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 approximately $43,527.96. The trade was a 88.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $86.01, for a total value of $51,175.95.

Zillow Group Stock Down 1.7%

Shares of NASDAQ:Z traded down $1.48 on Wednesday, hitting $85.71. 1,947,457 shares of the company's stock were exchanged, compared to its average volume of 2,577,543. Zillow Group, Inc. has a 12 month low of $53.90 and a 12 month high of $91.93. The business's 50 day simple moving average is $81.41 and its two-hundred day simple moving average is $73.13.

Wall Street Analysts Forecast Growth

Z has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Bank of America raised their target price on shares of Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $88.29.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in Z. Osaic Holdings Inc. increased its position in Zillow Group by 10.4% during the 2nd quarter. Osaic Holdings Inc. now owns 22,964 shares of the financial services provider's stock worth $1,606,000 after purchasing an additional 2,163 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of 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 valued at $7,104,000 after buying an additional 4,514 shares in the last quarter. Marex Group plc acquired a new position in Zillow Group during the second quarter worth $2,031,000. L1 Capital Pty Ltd purchased a new position in Zillow Group in the second quarter worth $26,651,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings 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 valued at $4,870,000 after acquiring an additional 15,707 shares during the period. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.