Bradley D. Owens Sells 1,154 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 1,154 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total value of $79,325.96. Following the completion of the sale, the general counsel now owns 50,681 shares of the company’s stock, valued at approximately $3,483,811.94. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Up 2.3%

Shares of NASDAQ:Z opened at $69.81 on Friday. The stock 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. Zillow Group, Inc. has a 12-month low of $39.05 and a 12-month high of $89.39. The business’s 50 day moving average is $67.29 and its 200 day moving average is $73.91.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc boosted its position in Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares during the last quarter. National Pension Service boosted its position in Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the last quarter. GAMMA Investing LLC boosted its position in Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Zillow Group in the first quarter worth $49,000. Finally, National Bank of Canada FI purchased a new position in Zillow Group in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on Z. Keefe, Bruyette & Woods lowered their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a report on Wednesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Wells Fargo & Company raised Zillow Group to a “hold” rating in a research note on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.71.

About Zillow Group

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.