Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 63,750 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $41.16, for a total value of $2,623,950.00. Following the completion of the sale, the chief technology officer now owns 31,901 shares of the company’s stock, valued at approximately $1,313,045.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Zillow Group, Inc. (Z) traded up $0.32 during trading on Thursday, hitting $41.13. The company had a trading volume of 809,693 shares, compared to its average volume of 1,341,507. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a twelve month low of $32.56 and a twelve month high of $51.23.
Z has been the subject of several analyst reports. BidaskClub downgraded Zillow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Canaccord Genuity raised their price target on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Zillow Group in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.44.
Several institutional investors have recently made changes to their positions in Z. Massey Quick Simon & CO. LLC bought a new position in Zillow Group during the third quarter worth about $130,000. D.A. Davidson & CO. lifted its holdings in Zillow Group by 2.1% during the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 57 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Zillow Group by 878.9% during the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 2,830 shares in the last quarter. ETF Managers Group LLC bought a new position in Zillow Group during the second quarter worth about $167,000. Finally, Toronto Dominion Bank lifted its holdings in Zillow Group by 246.7% during the third quarter. Toronto Dominion Bank now owns 4,417 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 3,143 shares in the last quarter. 58.05% of the stock is owned by institutional investors and hedge funds.
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Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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