Zillow Group, Inc. (NASDAQ:Z) Insider Errol G. Samuelson Sells 6,962 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Errol G. Samuelson sold 6,962 shares of Zillow Group stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.63, for a total value of $477,802.06. Following the completion of the transaction, the insider now owns 135,674 shares in the company, valued at $9,311,306.62. The trade was a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $69.81 on Friday. Zillow Group, Inc. has a 52-week low of $39.05 and a 52-week high of $89.39. The firm has a market capitalization of $16.93 billion, a PE ratio of -148.53, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. The company’s fifty day moving average price is $67.29 and its two-hundred day moving average price is $73.91.

Wall Street Analyst Weigh In

Several research analysts have commented on Z shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Wells Fargo & Company upgraded shares of Zillow Group to a “hold” rating in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their target price on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of 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. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.71.

Institutional Trading of Zillow Group

Several institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its position in Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares in the last quarter. National Pension Service boosted its holdings 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Zillow Group by 47.7% in the 1st 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 acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $55,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.