Insider Selling: Zillow Group, Inc. (Z) Vice Chairman Sells 13,600 Shares of Stock
Zillow Group, Inc. (NASDAQ:Z) Vice Chairman Lloyd D. Frink sold 13,600 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $40.24, for a total value of $547,264.00. Following the completion of the transaction, the insider now owns 4,362,008 shares of the company’s stock, valued at $175,527,201.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Zillow Group, Inc. (NASDAQ:Z) traded up $0.32 on Thursday, reaching $41.13. The company had a trading volume of 809,693 shares, compared to its average volume of 1,341,507. Zillow Group, Inc. has a 12 month low of $32.56 and a 12 month high of $51.23. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14.
Z has been the subject of a number of research reports. Canaccord Genuity increased their target price on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Zillow Group in a research report on Thursday, October 5th. Finally, BidaskClub upgraded Zillow Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $47.44.
A number of institutional investors and hedge funds have recently modified their holdings of Z. Massey Quick Simon & CO. LLC purchased a new stake in Zillow Group in the third quarter worth $130,000. D.A. Davidson & CO. increased its stake in Zillow Group by 2.1% in the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 57 shares during the period. JPMorgan Chase & Co. increased its stake in Zillow Group by 878.9% in the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 2,830 shares during the period. ETF Managers Group LLC purchased a new stake in Zillow Group in the second quarter worth $167,000. Finally, Toronto Dominion Bank increased its stake in Zillow Group by 246.7% in the third quarter. Toronto Dominion Bank now owns 4,417 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 3,143 shares during the period. Institutional investors own 58.05% of the company’s stock.
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About Zillow Group
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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