Dan Spaulding Sells 3,739 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

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

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 transaction of $381,735.32.

Zillow Group Stock Performance

Z stock opened at $69.81 on Friday. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of -148.53, a PEG ratio of 9.24 and a beta of 2.23. The firm has a 50-day simple moving average of $67.29 and a two-hundred day simple moving average of $73.91. Zillow Group, Inc. has a one year low of $39.05 and a one year high of $89.39.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. William Blair began coverage on shares of Zillow Group in a report on Monday, April 21st. They set a “market perform” rating on the stock. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Monday, May 5th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.71.

Institutional Trading of Zillow Group

Hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its position in shares of Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock valued at $31,000 after buying an additional 338 shares during the last quarter. National Pension Service lifted its position in shares of Zillow Group by 74.8% during the first 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 lifted its position in shares of Zillow Group by 47.7% during the first 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 stake in shares of Zillow Group during the first quarter valued at about $49,000. Finally, National Bank of Canada FI purchased a new stake in shares of Zillow Group during the fourth quarter valued at about $55,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.