Jennifer Rock Sells 3,187 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the sale, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. The trade was a 4.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jennifer Rock also recently made the following trade(s):

• On Friday, November 15th, Jennifer Rock sold 8,225 shares of Zillow Group stock. The stock was sold at an average price of $73.05, for a total transaction of $600,836.25.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The stock was sold at an average price of $54.71, for a total transaction of $199,691.50.

Zillow Group Stock Down 1.7 %

Z opened at $73.04 on Friday. The stock’s 50 day simple moving average is $63.61 and its 200-day simple moving average is $53.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 1 year low of $37.63 and a 1 year high of $76.69.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of Z. abrdn plc lifted its holdings in shares of Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 24,247 shares during the period. Prudential PLC bought a new position in Zillow Group during the second quarter worth about $474,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Zillow Group by 32.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after purchasing an additional 20,729 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Zillow Group by 14.6% in the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 606 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Zillow Group in the 3rd quarter worth approximately $1,370,000. Institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on Z. Morgan Stanley raised their price target on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Jefferies Financial Group upped their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

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.