Jeremy Wacksman Sells 7,418 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 7,418 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total transaction of $509,319.88. Following the completion of the transaction, the chief executive officer now owns 182,501 shares in the company, valued at approximately $12,530,518.66. The trade was a 3.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Friday, May 16th, Jeremy Wacksman sold 10,984 shares of Zillow Group stock. The stock was sold at an average price of $68.98, for a total transaction of $757,676.32.

Zillow Group Price Performance

Z stock opened at $69.81 on Friday. The company has a market cap of $16.93 billion, a P/E ratio of -148.53, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39. The stock’s fifty day moving average price is $67.29 and its 200-day moving average price is $73.91.

Analysts Set New Price Targets

Z has been the subject of several analyst reports. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. William Blair assumed coverage on Zillow Group in a research note on Monday, April 21st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods reduced their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a report on Wednesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in shares of Zillow Group by 1,309.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 66,371 shares of the financial services provider’s stock valued at $4,915,000 after purchasing an additional 61,663 shares during the period. Park Avenue Securities LLC grew its position in Zillow Group by 14.8% during the fourth quarter. Park Avenue Securities LLC now owns 10,247 shares of the financial services provider’s stock valued at $759,000 after buying an additional 1,324 shares during the period. ERn Financial LLC increased its holdings in Zillow Group by 11.2% during the fourth quarter. ERn Financial LLC now owns 11,239 shares of the financial services provider’s stock valued at $832,000 after buying an additional 1,135 shares during the last quarter. Mirador Capital Partners LP raised its position in Zillow Group by 1.5% in the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after acquiring an additional 292 shares during the period. Finally, Avanza Fonder AB bought a new position in Zillow Group in the fourth quarter worth approximately $681,000. 71.01% of the stock is owned by hedge funds and other 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.