Thielke Claire Cormier Sells 241 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) Director Thielke Claire Cormier sold 241 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $70.45, for a total value of $16,978.45. Following the transaction, the director now directly owns 725 shares of the company’s stock, valued at $51,076.25. This represents a 24.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $70.37 on Friday. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39. The firm has a market capitalization of $16.99 billion, a PE ratio of -149.72, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12. The company’s fifty day moving average price is $66.80 and its two-hundred day moving average price is $73.30.

Analysts Set New Price Targets

Several research analysts have commented on the company. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a “market perform” rating for the company. Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Eight 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.71.

Institutional Trading of Zillow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Zillow Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider’s stock valued at $1,548,767,000 after acquiring an additional 1,628,577 shares during the period. Caxton Associates LP acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $51,835,000. Castle Hook Partners LP bought a new stake in shares of Zillow Group during the fourth quarter worth $49,887,000. Atreides Management LP bought a new stake in Zillow Group during the 1st quarter worth about $32,159,000. Finally, Polar Capital Holdings Plc bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $33,504,000. Institutional investors own 71.01% of the company’s stock.

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.