Errol G. Samuelson Sells 6,962 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 6,962 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $68.63, for a total transaction of $477,802.06. Following the sale, the insider now directly owns 135,674 shares in the company, valued at approximately $9,311,306.62. This trade represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $69.81 on Friday. The stock has a 50-day simple moving average of $67.29 and a 200-day simple moving average of $73.91. Zillow Group, Inc. has a 52-week low of $39.05 and a 52-week high of $89.39. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of -148.53, a P/E/G ratio of 9.24 and a beta of 2.23.

Institutional Trading of Zillow Group

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 171 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Zillow Group in the first quarter worth about $6,082,000. Fred Alger Management LLC bought a new stake in shares of Zillow Group during the 1st quarter worth about $475,000. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Zillow Group by 4.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 19,250 shares of the financial services provider’s stock valued at $1,320,000 after acquiring an additional 839 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Zillow Group by 57.5% in the 1st quarter. Alliancebernstein L.P. now owns 345,153 shares of the financial services provider’s stock valued at $23,664,000 after acquiring an additional 126,069 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on Z. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They set a “market perform” rating for the company. Keefe, Bruyette & Woods lowered their target price 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. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.