Zillow Group, Inc. (NASDAQ:Z) Insider Sells $150,490.12 in Stock

Zillow Group, Inc. (NASDAQ:Z – Get Rating) insider Dan Spaulding sold 3,658 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $41.14, for a total value of $150,490.12. Following the completion of the sale, the insider now owns 24,278 shares in the company, valued at $998,796.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dan Spaulding also recently made the following trade(s):

• On Friday, May 6th, Dan Spaulding sold 4,000 shares of Zillow Group stock. The shares were sold at an average price of $38.13, for a total value of $152,520.00.

Shares of Z traded up $1.86 during midday trading on Thursday, reaching $43.25. 10,105,475 shares of the stock were exchanged, compared to its average volume of 5,400,068. The business’s 50-day moving average price is $46.50 and its 200 day moving average price is $54.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 0.97. Zillow Group, Inc. has a twelve month low of $34.45 and a twelve month high of $124.70. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of -20.02 and a beta of 1.39.

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

Hedge funds have recently modified their holdings of the stock. Cordasco Financial Network increased its position in Zillow Group by 100.0% in the 4th quarter. Cordasco Financial Network now owns 400 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Zions Bancorporation N.A. increased its position 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 acquiring an additional 394 shares during the period. Westside Investment Management Inc. increased its position in Zillow Group by 86.2% in the 1st quarter. Westside Investment Management Inc. now owns 540 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 250 shares during the period. Ellevest Inc. acquired a new position in Zillow Group in the 4th quarter valued at about $41,000. Finally, Cornerstone Advisory LLC acquired a new position in Zillow Group in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Zillow Group Company Profile (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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