Zillow Group, Inc. (Z) CEO Spencer M. Rascoff Sells 141,500 Shares
Zillow Group, Inc. (NASDAQ:Z) CEO Spencer M. Rascoff sold 141,500 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $39.54, for a total transaction of $5,594,910.00. Following the completion of the sale, the chief executive officer now directly owns 73,279 shares in the company, valued at approximately $2,897,451.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Zillow Group, Inc. (NASDAQ:Z) traded up $0.02 during trading hours on Friday, hitting $40.89. 512,134 shares of the stock were exchanged, compared to its average volume of 1,377,349. Zillow Group, Inc. has a 12 month low of $32.56 and a 12 month high of $51.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.44 and a current ratio of 6.44.
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Z has been the subject of several recent research reports. BidaskClub lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Canaccord Genuity raised their price target on shares of Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Zillow Group in a report on Thursday, October 5th. Finally, Deutsche Bank AG raised their target price on shares of Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Zillow Group presently has a consensus rating of “Hold” and a consensus target price of $47.44.
Institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. boosted its stake in shares of 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 valued at $138,000 after purchasing an additional 57 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Zillow Group by 878.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,830 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new stake in Zillow Group during the 3rd quarter worth about $130,000. ETF Managers Group LLC bought a new stake in Zillow Group during the 2nd quarter worth about $167,000. Finally, Virtu KCG Holdings LLC bought a new stake in Zillow Group during the 2nd quarter worth about $206,000. Hedge funds and other institutional investors own 86.13% of the company’s stock.
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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