Zillow Group, Inc. (NASDAQ:Z) Director Sells $706,900.00 in Stock

Zillow Group, Inc. (NASDAQ:Z) Director Gordon Sheridan Stephenson sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $70.69, for a total value of $706,900.00. Following the sale, the director now owns 28,290 shares of the company’s stock, valued at approximately $1,999,820.10. The trade was a 26.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Zillow Group Stock Performance

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on Z. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a report on Monday, April 28th. 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 company’s stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $83.71.

Hedge Funds Weigh In On Zillow Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew its position in shares of Zillow Group by 4.7% in 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 during the period. Great Lakes Advisors LLC acquired a new position in shares of Zillow Group in the first quarter valued at approximately $6,082,000. Fred Alger Management LLC bought a new stake in shares of Zillow Group during the first quarter worth $475,000. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Zillow Group by 4.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 19,250 shares of the financial services provider’s stock worth $1,320,000 after acquiring an additional 839 shares during the period. Finally, Alliancebernstein L.P. lifted its position in 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. 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.