Zillow Group, Inc. (NASDAQ:Z) insider Greg M. Schwartz sold 3,750 shares of Zillow Group stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $40.51, for a total transaction of $151,912.50. Following the sale, the insider now directly owns 3,750 shares in the company, valued at approximately $151,912.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Zillow Group, Inc. (NASDAQ:Z) traded up $2.03 during mid-day trading on Thursday, hitting $44.53. 2,265,134 shares of the company were exchanged, compared to its average volume of 864,029. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $5,370.00 and a P/E ratio of -202.41. Zillow Group, Inc. has a 12-month low of $32.56 and a 12-month high of $51.23.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its stake in Zillow Group by 2.1% in the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 57 shares in the last quarter. Prudential Financial Inc. boosted its stake in Zillow Group by 1.6% in the second quarter. Prudential Financial Inc. now owns 6,284 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Zillow Group by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,968 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 333 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Zillow Group by 0.9% in the second quarter. Alliancebernstein L.P. now owns 62,020 shares of the financial services provider’s stock valued at $3,040,000 after acquiring an additional 583 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in Zillow Group by 3.8% in the second quarter. Utah Retirement Systems now owns 19,300 shares of the financial services provider’s stock valued at $946,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.
A number of brokerages have issued reports on Z. Morgan Stanley raised Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Wednesday. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Zillow Group in a research report on Thursday, October 5th. BidaskClub lowered Zillow Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 30th. Finally, Canaccord Genuity boosted their target price on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Zillow Group presently has an average rating of “Buy” and a consensus target price of $48.81.
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Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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