Zillow Group, Inc. (NASDAQ:Z) Insider Sells $256,719.74 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 3,739 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total value of $256,719.74. Following the completion of the sale, the insider now directly owns 74,423 shares of the company’s stock, valued at $5,109,883.18. The trade was a 4.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dan Spaulding also recently made the following trade(s):

• On Friday, May 16th, Dan Spaulding sold 5,534 shares of Zillow Group stock. The stock was sold at an average price of $68.98, for a total value of $381,735.32.

Zillow Group Stock Performance

Shares of Z opened at $69.81 on Monday. The stock has a 50-day moving average of $67.29 and a two-hundred day moving average of $74.01. Zillow Group, Inc. has a one year low of $39.05 and a one year 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.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. 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. Wells Fargo & Company raised Zillow Group to a “hold” rating in a research report on Monday, April 28th. Finally, Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. Eight 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. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $83.71.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in Z. IFP Advisors Inc lifted its position in Zillow Group by 288.9% during the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 338 shares during the period. National Pension Service raised its stake in shares of Zillow Group by 74.8% during the 1st quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after buying an additional 247 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock valued at $42,000 after buying an additional 196 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Zillow Group during the 1st quarter valued at about $49,000. Finally, National Bank of Canada FI purchased a new position in shares of Zillow Group during the 4th quarter valued at about $55,000. 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.