Zillow Group, Inc. (NASDAQ:Z) Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the transaction, the insider now directly owns 4,334,008 shares in the company, valued at $193,296,756.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Zillow Group, Inc. (NASDAQ Z) traded down $0.85 during trading hours on Monday, hitting $44.27. The stock had a trading volume of 1,815,355 shares, compared to its average volume of 1,190,000. The firm has a market capitalization of $5,700.00 and a P/E ratio of -201.23. Zillow Group, Inc. has a 12 month low of $32.56 and a 12 month high of $51.23. The company has a current ratio of 7.11, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd lifted its stake in shares of Zillow Group by 4.6% in the third quarter. Caledonia Private Investments Pty Ltd now owns 27,970,511 shares of the financial services provider’s stock valued at $1,124,694,000 after buying an additional 1,229,407 shares during the period. Vanguard Group Inc. lifted its stake in shares of Zillow Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock valued at $414,114,000 after buying an additional 179,802 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Zillow Group by 1.1% in the third quarter. Baillie Gifford & Co. now owns 3,977,907 shares of the financial services provider’s stock valued at $159,951,000 after buying an additional 44,418 shares during the period. Tybourne Capital Management HK Ltd. lifted its stake in shares of Zillow Group by 53.5% in the second quarter. Tybourne Capital Management HK Ltd. now owns 3,575,189 shares of the financial services provider’s stock valued at $175,220,000 after buying an additional 1,246,189 shares during the period. Finally, Zevenbergen Capital Investments LLC lifted its stake in shares of Zillow Group by 3.9% in the third quarter. Zevenbergen Capital Investments LLC now owns 1,982,225 shares of the financial services provider’s stock valued at $79,705,000 after buying an additional 74,090 shares during the period. Institutional investors and hedge funds own 57.99% of the company’s stock.
Z has been the topic of several analyst reports. BidaskClub downgraded shares of Zillow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Morgan Stanley raised Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research report on Wednesday, January 10th. Canaccord Genuity raised their price target on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Cowen reaffirmed a “hold” rating on shares of Zillow Group in a research report on Friday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.07.
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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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