David A. Beitel Sells 3,642 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 3,642 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.65, for a total transaction of $250,023.30. Following the transaction, the chief technology officer now owns 170,737 shares of the company’s stock, valued at $11,721,095.05. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Up 2.3%

Zillow Group stock opened at $69.81 on Friday. Zillow Group, Inc. has a 52-week low of $39.05 and a 52-week high of $89.39. The firm has a market capitalization 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 company has a fifty day simple moving average of $67.29 and a 200-day simple moving average of $73.91.

Institutional Investors Weigh In On Zillow Group

A number of large investors have recently modified their holdings of Z. Vanguard Group Inc. grew its holdings in shares of Zillow Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider’s stock valued at $1,548,767,000 after purchasing an additional 1,628,577 shares during the period. Independent Franchise Partners LLP grew its holdings in shares of Zillow Group by 2.5% in the first quarter. Independent Franchise Partners LLP now owns 11,153,697 shares of the financial services provider’s stock valued at $764,697,000 after purchasing an additional 271,084 shares during the period. Ninety One UK Ltd grew its holdings in shares of Zillow Group by 11.4% in the first quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider’s stock valued at $276,263,000 after purchasing an additional 411,742 shares during the period. Dorsal Capital Management LP grew its holdings in shares of Zillow Group by 4.7% in the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider’s stock valued at $248,068,000 after purchasing an additional 150,000 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Zillow Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider’s stock valued at $212,745,000 after purchasing an additional 28,728 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Keefe, Bruyette & Woods reduced their price objective on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th. Wells Fargo & Company upgraded shares of Zillow Group to a “hold” rating in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Eight research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.71.

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.