Zillow Group, Inc. (NASDAQ:Z) insider Greg M. Schwartz sold 60,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $46.18, for a total transaction of $2,770,800.00. Following the sale, the insider now directly owns 43,000 shares of the company’s stock, valued at $1,985,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Zillow Group, Inc. (NASDAQ Z) traded up $0.19 during mid-day trading on Friday, reaching $47.16. 1,556,700 shares of the company’s stock were exchanged, compared to its average volume of 1,236,196. Zillow Group, Inc. has a twelve month low of $32.56 and a twelve month high of $51.23. The company has a quick ratio of 6.44, a current ratio of 7.11 and a debt-to-equity ratio of 0.14.
Several research firms have recently commented on Z. Canaccord Genuity boosted their target price on shares of Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BidaskClub raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Cowen reaffirmed a “hold” rating on shares of Zillow Group in a research report on Friday, February 9th. Finally, Morgan Stanley raised shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.07.
A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new position in Zillow Group in the fourth quarter valued at about $6,377,000. Caledonia Private Investments Pty Ltd boosted its stake in Zillow Group by 2.4% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 28,636,248 shares of the financial services provider’s stock valued at $1,171,795,000 after acquiring an additional 665,737 shares during the last quarter. Teachers Advisors LLC boosted its stake in Zillow Group by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 119,786 shares of the financial services provider’s stock valued at $4,902,000 after acquiring an additional 4,183 shares during the last quarter. California State Teachers Retirement System boosted its stake in Zillow Group by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 181,282 shares of the financial services provider’s stock valued at $7,418,000 after acquiring an additional 3,792 shares during the last quarter. Finally, NBW Capital LLC boosted its stake in Zillow Group by 28.7% in the fourth quarter. NBW Capital LLC now owns 82,592 shares of the financial services provider’s stock valued at $3,380,000 after acquiring an additional 18,402 shares during the last quarter. 57.99% of the stock is owned by institutional investors and hedge funds.
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About Zillow Group
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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