BidaskClub downgraded shares of Zillow Group, Inc. (NASDAQ:Z) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Other research analysts also recently issued reports about the stock. Canaccord Genuity increased their target price on shares of Zillow Group from $52.00 to $53.00 and gave the company 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 price objective on shares of Zillow Group to $50.00 and gave the stock a neutral rating in a report on Monday, August 7th. One research 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. The company currently has a consensus rating of Hold and an average price target of $47.44.

Zillow Group (Z) traded up $1.00 during trading hours on Wednesday, reaching $40.87. 969,203 shares of the company’s stock traded hands, compared to its average volume of 1,381,246. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group has a 52-week low of $32.56 and a 52-week high of $51.23.

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In related news, CEO Spencer M. Rascoff sold 20,941 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $39.39, for a total transaction of $824,865.99. Following the completion of the sale, the chief executive officer now directly owns 6,614 shares in the company, valued at $260,525.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO David A. Beitel sold 57,189 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $39.34, for a total transaction of $2,249,815.26. Following the sale, the chief technology officer now owns 5,977 shares of the company’s stock, valued at $235,135.18. The disclosure for this sale can be found here. Insiders have sold 132,641 shares of company stock worth $5,264,209 in the last three months. 21.72% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. boosted its position in shares of Zillow Group by 2.1% during the second 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 last quarter. JPMorgan Chase & Co. boosted its position in shares of Zillow Group by 878.9% during the second 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 last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of Zillow Group during the third quarter worth $130,000. ETF Managers Group LLC bought a new position in shares of Zillow Group during the second quarter worth $167,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of Zillow Group during the second quarter worth $206,000. Institutional investors and hedge funds 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.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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