Bradley D. Owens Sells 3,466 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 3,466 shares of Zillow Group stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $68.96, for a total value of $239,015.36. Following the completion of the sale, the general counsel now owns 47,215 shares in the company, valued at approximately $3,255,946.40. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $69.81 on Monday. Zillow Group, Inc. has a 1-year low of $39.05 and a 1-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. The stock’s 50 day simple moving average is $67.29 and its 200-day simple moving average is $74.01.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in Zillow Group by 4.7% in the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 171 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Zillow Group in the first quarter valued at approximately $6,082,000. Fred Alger Management LLC acquired a new position in Zillow Group in the first quarter valued at approximately $475,000. Nissay Asset Management Corp Japan ADV lifted its holdings in Zillow Group by 4.6% in the first 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. lifted its holdings in Zillow Group by 57.5% in the first 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 during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Z has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. William Blair initiated coverage on Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating on the stock. Wells Fargo & Company upgraded Zillow Group to a “hold” rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their target price on Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. 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 company currently has an average rating of “Moderate Buy” and a consensus price target 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.