Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) CEO Jeremy Wacksman sold 5,786 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $34.24, for a total value of $198,112.64. Following the completion of the sale, the chief executive officer directly owned 147,913 shares of the company’s stock, valued at approximately $5,064,541.12. The trade was a 3.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jeremy Wacksman also recently made the following trade(s):
- On Monday, August 17th, Jeremy Wacksman sold 9,339 shares of Zillow Group stock. The shares were sold at an average price of $34.18, for a total transaction of $319,207.02.
- On Friday, May 22nd, Jeremy Wacksman sold 9,072 shares of Zillow Group stock. The shares were sold at an average price of $36.54, for a total transaction of $331,490.88.
Zillow Group Stock Down 2.4%
Shares of ZG traded down $0.84 during mid-day trading on Monday, hitting $34.32. 1,454,360 shares of the company’s stock were exchanged, compared to its average volume of 1,202,979. The firm has a fifty day moving average of $33.03 and a two-hundred day moving average of $40.23. Zillow Group, Inc. has a twelve month low of $29.03 and a twelve month high of $90.22. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 156.01, a P/E/G ratio of 1.53 and a beta of 1.95.
Institutional Investors Weigh In On Zillow Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Arax Advisory Partners increased its position in Zillow Group by 402.3% during the fourth quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock worth $30,000 after acquiring an additional 354 shares during the period. First Command Advisory Services Inc. bought a new stake in Zillow Group in the 4th quarter valued at $34,000. Kestra Advisory Services LLC acquired a new stake in Zillow Group in the 4th quarter worth $47,000. Quarry LP bought a new position in shares of Zillow Group during the 4th quarter worth about $56,000. Finally, Global Retirement Partners LLC raised its position in shares of Zillow Group by 4,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 846 shares of the technology company’s stock valued at $58,000 after buying an additional 826 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.
Analyst Upgrades and Downgrades
ZG has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Zillow Group from $76.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Royal Bank Of Canada dropped their price target on shares of Zillow Group from $70.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Evercore set a $40.00 price objective on shares of Zillow Group and gave the stock an “in-line” rating in a report on Thursday, August 6th. Sanford C. Bernstein downgraded shares of Zillow Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $50.00 to $38.00 in a report on Thursday, August 6th. Finally, Mizuho decreased their price target on shares of Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $52.29.
View Our Latest Stock Analysis on ZG
Zillow Group Company Profile
Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.
Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.
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