Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel Sells 1,280 Shares

Zillow Group, Inc. (NASDAQ:ZGet Rating) CTO David A. Beitel sold 1,280 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $41.38, for a total transaction of $52,966.40. Following the completion of the transaction, the chief technology officer now owns 89,593 shares in the company, valued at $3,707,358.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Zillow Group stock traded up $1.86 during mid-day trading on Thursday, reaching $43.25. The company had a trading volume of 10,105,475 shares, compared to its average volume of 5,400,068. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. Zillow Group, Inc. has a 52 week low of $34.45 and a 52 week high of $124.70. The company has a 50 day moving average of $46.50 and a 200-day moving average of $54.10. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of -20.02 and a beta of 1.39.

A number of research analysts recently issued reports on the stock. Piper Sandler lowered their target price on shares of Zillow Group from $57.00 to $39.00 in a research note on Friday, May 6th. Jefferies Financial Group reduced their price target on shares of Zillow Group from $95.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, February 3rd.

Institutional investors have recently modified their holdings of the business. Zions Bancorporation N.A. boosted its holdings in Zillow Group by 371.7% in the 1st 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 period. Cordasco Financial Network lifted its holdings in shares of Zillow Group by 100.0% during the 4th quarter. Cordasco Financial Network now owns 400 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 200 shares during the period. Westside Investment Management Inc. lifted its holdings in shares of Zillow Group by 86.2% during the 1st quarter. Westside Investment Management Inc. now owns 540 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 250 shares during the period. Ellevest Inc. bought a new position in shares of Zillow Group during the 4th quarter worth about $41,000. Finally, Cornerstone Advisory LLC bought a new position in shares of Zillow Group during the 4th quarter worth about $42,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:Z)

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