Erik C. Blachford Sells 965 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) Director Erik C. Blachford sold 965 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $70.35, for a total value of $67,887.75. Following the completion of the sale, the director now directly owns 35,474 shares of the company’s stock, valued at $2,495,595.90. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $71.51 on Wednesday. Zillow Group, Inc. has a twelve month low of $41.67 and a twelve month high of $89.39. The firm has a market cap of $17.27 billion, a PE ratio of -152.15, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12. The business has a fifty day moving average of $66.37 and a 200-day moving average of $73.50.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on Z shares. 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. William Blair started coverage on Zillow Group in a research report on Monday, April 21st. They issued a “market perform” rating for the company. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on Zillow Group from $93.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.71.

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after purchasing an additional 11,727 shares during the period. Proficio Capital Partners LLC acquired a new stake in Zillow Group in the fourth quarter worth about $7,375,000. Vinva Investment Management Ltd acquired a new stake in Zillow Group in the fourth quarter worth about $1,187,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Zillow Group by 18.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock worth $3,267,000 after purchasing an additional 6,900 shares during the period. Finally, Gotham Asset Management LLC acquired a new stake in Zillow Group in the fourth quarter worth about $442,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.