Zillow Group, Inc. (NASDAQ:Z – Get Free Report) Director Claire Cormier Thielke sold 1,187 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total transaction of $42,387.77. Following the completion of the transaction, the director owned 2,375 shares of the company’s stock, valued at $84,811.25. This represents a 33.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Thielke Claire Cormier also recently made the following trade(s):
- On Tuesday, August 11th, Claire Cormier Thielke sold 1,187 shares of Zillow Group stock. The stock was sold at an average price of $33.09, for a total transaction of $39,277.83.
Zillow Group Stock Performance
Zillow Group stock opened at $34.59 on Friday. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 157.23, a P/E/G ratio of 1.54 and a beta of 2.00. Zillow Group, Inc. has a 52 week low of $29.23 and a 52 week high of $93.88. The company has a 50 day moving average price of $33.83 and a 200 day moving average price of $38.07.
Institutional Investors Weigh In On Zillow Group
Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Zillow Group by 106.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 41,519 shares of the financial services provider’s stock valued at $1,718,000 after buying an additional 21,439 shares during the period. Tiger Global Management LLC boosted its holdings in shares of Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after purchasing an additional 1,312,000 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Zillow Group by 17,458.4% in the 4th quarter. IFP Advisors Inc now owns 73,921 shares of the financial services provider’s stock valued at $5,043,000 after purchasing an additional 73,500 shares in the last quarter. Emmett Investment Management LP increased its stake in shares of Zillow Group by 353.9% in the 1st quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider’s stock valued at $3,897,000 after purchasing an additional 75,036 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Zillow Group during the 1st quarter worth $1,743,000. Institutional investors and hedge funds own 71.01% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on Z shares. Morgan Stanley set a $60.00 price objective on shares of Zillow Group in a research note on Thursday, August 6th. Zacks Research cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Evercore cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft dropped their target price on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Jefferies Financial Group cut their price target on shares of Zillow Group from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.75.
View Our Latest Research Report on Z
About Zillow Group
Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.
Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.
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