Zillow Group Inc (NASDAQ:Z) CTO Sells $22,613.94 in Stock

Zillow Group Inc (NASDAQ:Z) CTO David A. Beitel sold 657 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $34.42, for a total transaction of $22,613.94. Following the transaction, the chief technology officer now directly owns 38,393 shares in the company, valued at $1,321,487.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Z opened at $35.53 on Thursday. Zillow Group Inc has a twelve month low of $26.38 and a twelve month high of $51.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.76 and a current ratio of 3.67. The company has a 50 day moving average of $45.53 and a two-hundred day moving average of $40.72.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.21). The firm had revenue of $599.58 million during the quarter. Zillow Group had a negative net margin of 13.49% and a negative return on equity of 5.12%.

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Zillow Group by 27.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 568,288 shares of the financial services provider’s stock valued at $17,947,000 after purchasing an additional 122,884 shares during the period. Geode Capital Management LLC boosted its holdings in Zillow Group by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 1,224,472 shares of the financial services provider’s stock worth $38,642,000 after buying an additional 47,328 shares during the last quarter. DNB Asset Management AS boosted its holdings in Zillow Group by 7.5% during the first quarter. DNB Asset Management AS now owns 11,543 shares of the financial services provider’s stock worth $401,000 after buying an additional 807 shares during the last quarter. Strs Ohio boosted its holdings in Zillow Group by 33.6% during the first quarter. Strs Ohio now owns 1,662 shares of the financial services provider’s stock worth $57,000 after buying an additional 418 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Zillow Group by 29.6% during the first quarter. Oppenheimer & Co. Inc. now owns 12,119 shares of the financial services provider’s stock worth $421,000 after buying an additional 2,768 shares during the last quarter. Institutional investors and hedge funds own 70.04% of the company’s stock.

A number of equities analysts have recently commented on the stock. Standpoint Research lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. KeyCorp reduced their target price on shares of Zillow Group from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. BidaskClub lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Bank of America lifted their price objective on shares of Zillow Group from $31.00 to $35.00 and gave the company an “underperform” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $41.26.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:Z)

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