Jennifer Rock Sells 2,842 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 2,842 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total transaction of $195,131.72. Following the transaction, the chief accounting officer now owns 55,478 shares of the company’s stock, valued at $3,809,119.48. This represents a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jennifer Rock also recently made the following trade(s):

• On Thursday, May 8th, Jennifer Rock sold 5,997 shares of Zillow Group stock. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82.

Zillow Group Trading Up 2.3%

Zillow Group stock 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. The company’s 50-day moving average price is $67.29 and its two-hundred day moving average price is $73.91. Zillow Group, Inc. has a 52 week low of $39.05 and a 52 week high of $89.39.

Hedge Funds Weigh In On Zillow Group

Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in shares of Zillow Group by 1,309.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 66,371 shares of the financial services provider’s stock valued at $4,915,000 after purchasing an additional 61,663 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Zillow Group by 14.8% during the 4th quarter. Park Avenue Securities LLC now owns 10,247 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 1,324 shares in the last quarter. ERn Financial LLC boosted its position in shares of Zillow Group by 11.2% during the 4th quarter. ERn Financial LLC now owns 11,239 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 1,135 shares in the last quarter. Mirador Capital Partners LP boosted its position in shares of Zillow Group by 1.5% during the 4th quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 292 shares in the last quarter. Finally, Avanza Fonder AB bought a new position in shares of Zillow Group during the 4th quarter valued at about $681,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on Z. Wells Fargo & Company upgraded shares of Zillow Group to a “hold” rating in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, William Blair began coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a “market perform” rating for the company. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.