Insider Selling: Zillow Group, Inc. (NASDAQ:Z) General Counsel Sells $51,624.92 in Stock

Posted by Defense World Staff on Aug 21st, 2023

Zillow Group, Inc. (NASDAQ:Z – Get Free Report) General Counsel Bradley D. Owens sold 961 shares of Zillow Group stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $53.72, for a total transaction of $51,624.92. Following the completion of the transaction, the general counsel now owns 25,911 shares in the company, valued at approximately $1,391,938.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Performance

Shares of Z stock opened at $50.87 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 10.90 and a current ratio of 10.90. The company’s fifty day moving average price is $51.77 and its 200-day moving average price is $46.90. Zillow Group, Inc. has a 12 month low of $26.14 and a 12 month high of $57.19.

Analysts Set New Price Targets

Z has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Zillow Group from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. VNET Group reissued an “initiates” rating on shares of Zillow Group in a research note on Tuesday, June 27th. Wells Fargo & Company upped their price target on Zillow Group from $50.00 to $55.00 in a research report on Friday, August 4th. TheStreet upgraded shares of Zillow Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $55.00 target price on shares of Zillow Group in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $53.50.

Read Our Latest Stock Analysis on Z

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Zillow Group by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider’s stock worth $1,166,953,000 after buying an additional 1,837,593 shares during the last quarter. Independent Franchise Partners LLP boosted its position in Zillow Group by 0.3% in the second quarter. Independent Franchise Partners LLP now owns 13,718,353 shares of the financial services provider’s stock worth $689,484,000 after purchasing an additional 42,878 shares during the last quarter. Capital World Investors increased its position in shares of Zillow Group by 6.9% during the 2nd quarter. Capital World Investors now owns 7,405,509 shares of the financial services provider’s stock valued at $372,201,000 after purchasing an additional 476,475 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Zillow Group by 25.7% in the 1st quarter. Pacer Advisors Inc. now owns 6,221,674 shares of the financial services provider’s stock worth $276,678,000 after purchasing an additional 1,271,544 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Zillow Group by 2.5% in the first quarter. Geode Capital Management LLC now owns 2,687,165 shares of the financial services provider’s stock worth $119,353,000 after buying an additional 66,732 shares during the last quarter. Institutional investors own 70.49% of the company’s stock.

Zillow Group Company Profile

(Get Free Report)

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.