Jeremy Wacksman Sells 2,198 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z – Get Rating) COO Jeremy Wacksman sold 2,198 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $41.15, for a total transaction of $90,447.70. Following the sale, the chief operating officer now owns 47,917 shares in the company, valued at $1,971,784.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zillow Group stock traded up $1.86 during mid-day trading on Thursday, hitting $43.25. The company had a trading volume of 10,105,475 shares, compared to its average volume of 5,400,068. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of -20.02 and a beta of 1.39. Zillow Group, Inc. has a 1 year low of $34.45 and a 1 year high of $124.70. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $46.50 and a 200 day moving average of $54.10.

Z has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on shares of Zillow Group from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, February 3rd. Piper Sandler cut their target price on shares of Zillow Group from $57.00 to $39.00 in a research note on Friday, May 6th.

A number of institutional investors have recently made changes to their positions in Z. Zions Bancorporation N.A. increased its stake in Zillow Group by 371.7% in the first quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 394 shares during the last quarter. Cordasco Financial Network increased its stake in Zillow Group by 100.0% in the fourth quarter. Cordasco Financial Network now owns 400 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Westside Investment Management Inc. increased its stake in Zillow Group by 86.2% in the first quarter. Westside Investment Management Inc. now owns 540 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Ellevest Inc. acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $41,000. Finally, Cornerstone Advisory LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $42,000. Institutional investors own 74.81% of the company’s stock.

About Zillow Group (Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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