David A. Beitel Sells 64,628 Shares of Zillow Group, Inc. (Z) Stock
Zillow Group, Inc. (NASDAQ:Z) CTO David A. Beitel sold 64,628 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $41.08, for a total value of $2,654,918.24. Following the transaction, the chief technology officer now directly owns 31,901 shares in the company, valued at $1,310,493.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Zillow Group, Inc. (NASDAQ:Z) opened at $41.36 on Wednesday. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a 1 year low of $32.56 and a 1 year high of $51.23.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in Z. Massey Quick Simon & CO. LLC bought a new stake in shares of Zillow Group during the third quarter valued at approximately $130,000. 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 valued at $138,000 after purchasing an additional 57 shares in 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 valued at $154,000 after purchasing an additional 2,830 shares in the last quarter. ETF Managers Group LLC bought a new stake in shares of Zillow Group during the second quarter valued at approximately $167,000. Finally, Toronto Dominion Bank boosted its holdings 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 acquiring an additional 3,143 shares in the last quarter. Institutional investors own 86.13% of the company’s stock.
Several equities analysts have recently issued reports on the company. Deutsche Bank AG boosted their target price on Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Canaccord Genuity boosted their target price on Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub cut Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Benchmark Co. 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 assigned a hold rating and five have issued a buy rating to the company’s stock. Zillow Group has a consensus rating of “Hold” and a consensus price target of $47.44.
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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