Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 64,628 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $41.08, for a total transaction of $2,654,918.24. Following the completion of the transaction, the chief technology officer now directly owns 31,901 shares of the company’s stock, valued at approximately $1,310,493.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Zillow Group, Inc. (Z) traded up $0.34 during midday trading on Wednesday, reaching $40.33. 537,300 shares of the company were exchanged, compared to its average volume of 1,346,850. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44. Zillow Group, Inc. has a 12-month low of $32.56 and a 12-month high of $51.23.
Several research firms have weighed in on Z. BidaskClub upgraded Zillow Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. 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, Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Zillow Group in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Zillow Group presently has an average rating of “Hold” and an average price target of $47.44.
Large investors have recently modified their holdings of the business. Tybourne Capital Management HK Ltd. raised its holdings in shares of Zillow Group by 53.5% in the 2nd 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 purchasing an additional 1,246,189 shares during the period. Caledonia Private Investments Pty Ltd raised its holdings in Zillow Group by 4.6% in the 3rd 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 acquiring an additional 1,229,407 shares during the period. Janus Henderson Group PLC raised its holdings in Zillow Group by 5,641.9% in the 2nd quarter. Janus Henderson Group PLC now owns 597,159 shares of the financial services provider’s stock valued at $29,267,000 after acquiring an additional 586,759 shares during the period. Vanguard Group Inc. raised its holdings in Zillow Group by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock valued at $414,114,000 after acquiring an additional 179,802 shares during the period. Finally, AXA bought a new position in Zillow Group in the 2nd quarter valued at about $8,407,000. 58.05% of the stock is currently owned by hedge funds and other institutional investors.
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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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