Insider Selling: Zillow Group, Inc. (NASDAQ:Z) General Counsel Sells $79,325.96 in Stock

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley D. Owens sold 1,154 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total transaction of $79,325.96. Following the sale, the general counsel now owns 50,681 shares in the company, valued at approximately $3,483,811.94. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zillow Group Stock Up 2.3%

Z stock opened at $69.81 on Monday. The firm 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. Zillow Group, Inc. has a 12-month low of $39.05 and a 12-month high of $89.39. The company’s fifty day simple moving average is $67.29 and its 200 day simple moving average is $74.01.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of Z. Empowered Funds LLC increased its stake in Zillow Group by 4.7% in the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 171 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in Zillow Group in the first quarter valued at $6,082,000. Fred Alger Management LLC bought a new stake in Zillow Group in the first quarter valued at $475,000. Nissay Asset Management Corp Japan ADV increased its stake in Zillow Group by 4.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 19,250 shares of the financial services provider’s stock valued at $1,320,000 after purchasing an additional 839 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Zillow Group by 57.5% in the first quarter. Alliancebernstein L.P. now owns 345,153 shares of the financial services provider’s stock valued at $23,664,000 after purchasing an additional 126,069 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. William Blair assumed coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a “market perform” rating on the stock. Wells Fargo & Company upgraded shares of Zillow Group to a “hold” rating in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Zillow Group presently has an average 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.