Zillow Group (NASDAQ:Z) Stock Price Down 4.1%

Zillow Group, Inc. (NASDAQ:ZGet Free Report)’s stock price was down 4.1% on Friday . The company traded as low as $53.88 and last traded at $53.96. Approximately 1,924,049 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 3,005,230 shares. The stock had previously closed at $56.28.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on Z shares. Morgan Stanley cut their target price on Zillow Group from $55.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 7th. JPMorgan Chase & Co. raised their price target on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.50.

Check Out Our Latest Research Report on Zillow Group

Zillow Group Price Performance

The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of -82.01 and a beta of 1.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.84 and a current ratio of 3.84. The company has a fifty day simple moving average of $54.56 and a two-hundred day simple moving average of $48.93.

Insider Transactions at Zillow Group

In other news, CAO Jennifer Rock sold 2,222 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $45.19, for a total transaction of $100,412.18. Following the completion of the transaction, the chief accounting officer now owns 63,736 shares of the company’s stock, valued at approximately $2,880,229.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Susan Daimler sold 3,865 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $43.46, for a total transaction of $167,972.90. Following the sale, the insider now owns 44,604 shares in the company, valued at approximately $1,938,489.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer Rock sold 2,222 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $45.19, for a total value of $100,412.18. Following the sale, the chief accounting officer now owns 63,736 shares in the company, valued at approximately $2,880,229.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,923 shares of company stock valued at $2,899,105. Corporate insiders own 15.30% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently made changes to their positions in the stock. Cannell Capital LLC grew its position in shares of Zillow Group by 1.2% in the 2nd quarter. Cannell Capital LLC now owns 156,102 shares of the financial services provider’s stock valued at $7,846,000 after buying an additional 1,835 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $2,864,000. Ieq Capital LLC boosted its position in shares of Zillow Group by 3.1% during the 2nd quarter. Ieq Capital LLC now owns 21,342 shares of the financial services provider’s stock valued at $1,073,000 after purchasing an additional 651 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Zillow Group by 124.5% during the 2nd quarter. Marshall Wace LLP now owns 548,561 shares of the financial services provider’s stock valued at $27,571,000 after purchasing an additional 304,224 shares in the last quarter. Finally, Peoples Bank KS bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $46,000. Institutional investors own 71.17% of the company’s stock.

About Zillow Group

(Get Free Report)

Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.

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