Insider Selling: Zillow Group, Inc. (Z) CEO Sells 58,050 Shares of Stock
Zillow Group, Inc. (NASDAQ:Z) CEO Spencer M. Rascoff sold 58,050 shares of Zillow Group stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $42.03, for a total transaction of $2,439,841.50. Following the sale, the chief executive officer now directly owns 70,050 shares of the company’s stock, valued at approximately $2,944,201.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Zillow Group, Inc. (NASDAQ:Z) opened at $42.61 on Monday. The firm has a market cap of $5,380.00 and a price-to-earnings ratio of -193.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44. Zillow Group, Inc. has a twelve month low of $32.56 and a twelve month high of $51.23.
A number of equities research analysts have issued reports on Z shares. BidaskClub lowered shares of Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Canaccord Genuity lifted their target price on shares of Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Zillow Group in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Zillow Group presently has an average rating of “Hold” and an average target price of $47.44.
Several institutional investors have recently added to or reduced their stakes in Z. Massey Quick Simon & CO. LLC bought a new position in Zillow Group in the 3rd quarter worth $130,000. D.A. Davidson & CO. raised its holdings in Zillow Group by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 57 shares during the period. JPMorgan Chase & Co. raised its holdings in Zillow Group by 878.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 2,830 shares during the period. ETF Managers Group LLC bought a new position in Zillow Group in the 2nd quarter worth $167,000. Finally, Toronto Dominion Bank raised its holdings in Zillow Group by 246.7% in the 3rd quarter. Toronto Dominion Bank now owns 4,417 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 3,143 shares during the period. Institutional investors and hedge funds own 58.00% of the company’s stock.
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Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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