Zillow Group, Inc. (NASDAQ:Z) Insider Dan Spaulding Sells 3,739 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 3,739 shares of Zillow Group stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $68.66, for a total value of $256,719.74. Following the transaction, the insider now owns 74,423 shares of the company’s stock, valued at $5,109,883.18. The trade was a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dan Spaulding also recently made the following trade(s):

• On Friday, May 16th, Dan Spaulding sold 5,534 shares of Zillow Group stock. The shares were sold at an average price of $68.98, for a total value of $381,735.32.

Zillow Group Trading Up 2.3%

NASDAQ:Z opened at $69.81 on Monday. Zillow Group, Inc. has a 12 month low of $39.05 and a 12 month high of $89.39. The stock has a 50 day moving average of $67.29 and a two-hundred day moving average of $74.01. The firm has a market cap of $16.93 billion, a P/E ratio of -148.53, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research note on Wednesday, May 7th. Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. William Blair assumed coverage on Zillow Group in a research note on Monday, April 21st. They issued a “market perform” rating for the company. Wells Fargo & Company upgraded Zillow Group to a “hold” rating in a research note on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Eight research 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 company’s stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $83.71.

Institutional Investors Weigh In On Zillow Group

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Zillow Group by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock worth $706,000 after buying an additional 116 shares in the last quarter. Independent Advisor Alliance boosted its holdings in shares of Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 148 shares during the last quarter. Finally, DoubleLine ETF Adviser LP boosted its holdings in shares of Zillow Group by 1.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 163 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Company Profile

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.