David A. Beitel Sells 56,750 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 56,750 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the transaction, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. This represents a 99.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Zillow Group Stock Performance

Zillow Group stock opened at $73.04 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company has a market cap of $16.90 billion, a P/E ratio of -128.14 and a beta of 1.95. Zillow Group, Inc. has a fifty-two week low of $37.63 and a fifty-two week high of $76.69. The firm’s 50 day simple moving average is $63.61 and its 200-day simple moving average is $53.20.

Analyst Ratings Changes

Several brokerages have commented on Z. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Morgan Stanley increased their target price on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of Z. Vanguard Group Inc. boosted its position in Zillow Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock worth $1,039,676,000 after acquiring an additional 176,449 shares during the period. Capital World Investors lifted its position in shares of Zillow Group by 2.8% in the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock worth $431,519,000 after purchasing an additional 238,554 shares in the last quarter. FMR LLC boosted its holdings in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the period. Dorsal Capital Management LP increased its stake in Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after buying an additional 1,160,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Zillow Group by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock worth $66,032,000 after buying an additional 139,489 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

About Zillow Group

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.