Jennifer Rock Sells 8,225 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 8,225 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.05, for a total value of $600,836.25. Following the sale, the chief accounting officer now directly owns 61,424 shares of the company’s stock, valued at approximately $4,487,023.20. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 13th, Jennifer Rock sold 3,187 shares of Zillow Group stock. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00.
• On Monday, August 19th, Jennifer Rock sold 3,650 shares of Zillow Group stock. The shares were sold at an average price of $54.71, for a total value of $199,691.50.

Zillow Group Trading Down 1.7 %

Shares of NASDAQ:Z opened at $73.04 on Friday. Zillow Group, Inc. has a 52 week low of $37.63 and a 52 week high of $76.69. The business has a fifty day simple moving average of $63.61 and a 200-day simple moving average of $53.12. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of Z. abrdn plc increased its stake in Zillow Group by 98.0% during the third 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 last quarter. Prudential PLC purchased a new stake in shares of Zillow Group during the 2nd quarter worth about $474,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Zillow Group by 32.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock worth $4,158,000 after purchasing an additional 20,729 shares in the last quarter. Empowered Funds LLC raised its holdings in Zillow Group by 14.6% in the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after buying an additional 606 shares during the period. Finally, Entropy Technologies LP acquired a new position in Zillow Group during the third quarter valued at approximately $1,370,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on Z. Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, UBS Group upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average price target 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.