Insider Selling: Zillow Group, Inc. (NASDAQ:Z) Director Sells 241 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) Director Thielke Claire Cormier sold 241 shares of Zillow Group stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $70.45, for a total transaction of $16,978.45. Following the completion of the transaction, the director now owns 725 shares in the company, valued at approximately $51,076.25. This trade represents a 24.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Zillow Group Price Performance

Shares of Z opened at $70.37 on Friday. Zillow Group, Inc. has a 12 month low of $41.67 and a 12 month high of $89.39. The stock’s 50-day moving average is $66.80 and its two-hundred day moving average is $73.21. The stock has a market cap of $16.99 billion, a PE ratio of -149.72, a P/E/G ratio of 9.24 and a beta of 2.12.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company raised Zillow Group to a “hold” rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research note on Wednesday, May 7th. William Blair initiated coverage on Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating on the stock. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their target price 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 equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $83.71.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently modified their holdings of Z. PNC Financial Services Group Inc. increased its stake in Zillow Group by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock worth $706,000 after buying an additional 116 shares during the period. Independent Advisor Alliance grew its stake in shares of Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 120 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Zillow Group by 2.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock worth $529,000 after acquiring an additional 148 shares during the last quarter. DoubleLine ETF Adviser LP lifted its stake in shares of Zillow Group by 1.5% in the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock worth $805,000 after acquiring an additional 163 shares in the last quarter. Finally, Flynn Zito Capital Management LLC lifted its stake in shares of Zillow Group by 4.5% in the first quarter. Flynn Zito Capital Management LLC now owns 3,856 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 166 shares in the last quarter. 71.01% of the stock is currently 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.