Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman Sells 7,418 Shares

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 7,418 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total transaction of $509,319.88. Following the sale, the chief executive officer now owns 182,501 shares in the company, valued at approximately $12,530,518.66. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Friday, May 16th, Jeremy Wacksman sold 10,984 shares of Zillow Group stock. The stock was sold at an average price of $68.98, for a total transaction of $757,676.32.

Zillow Group Trading Up 2.3%

NASDAQ:Z opened at $69.81 on Friday. The business’s 50-day moving average is $67.29 and its 200 day moving average is $73.91. Zillow Group, Inc. has a 12 month low of $39.05 and a 12 month high of $89.39. The company has a market capitalization of $16.93 billion, a P/E ratio of -148.53, a P/E/G ratio of 9.24 and a beta of 2.23.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on Z. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their price objective on Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Keefe, Bruyette & Woods cut their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $83.71.

Institutional Trading of Zillow Group

Several hedge funds have recently modified their holdings of Z. IFP Advisors Inc lifted its holdings in shares of Zillow Group by 288.9% in the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 338 shares during the last quarter. National Pension Service raised its position in Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 247 shares during the period. GAMMA Investing LLC raised its position in Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 196 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Zillow Group in the 1st quarter valued at approximately $49,000. Finally, National Bank of Canada FI purchased a new position in shares of Zillow Group in the 4th quarter worth approximately $55,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.