Erik C. Blachford Sells 965 Shares of Zillow Group, Inc. (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) Director Erik C. Blachford sold 965 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $70.35, for a total transaction of $67,887.75. Following the completion of the sale, the director now directly owns 35,474 shares in the company, valued at $2,495,595.90. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Trading Down 0.0%

Z stock traded down $0.01 during midday trading on Monday, hitting $70.28. The company’s stock had a trading volume of 1,255,992 shares, compared to its average volume of 3,174,249. The company has a market cap of $16.97 billion, a PE ratio of -149.53, a P/E/G ratio of 9.24 and a beta of 2.12. The firm’s 50-day moving average is $66.33 and its 200-day moving average is $73.61. Zillow Group, Inc. has a 12 month low of $41.67 and a 12 month high of $89.39.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of Z. Charles Schwab Investment Management Inc. boosted its position in shares of Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after buying an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Zillow Group during the 4th quarter valued at about $7,375,000. Vinva Investment Management Ltd purchased a new stake in shares of Zillow Group during the 4th quarter valued at about $1,187,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Zillow Group by 18.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock valued at $3,267,000 after acquiring an additional 6,900 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of Zillow Group in the fourth quarter worth approximately $442,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a research note on Monday, April 28th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price objective on Zillow Group from $93.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods cut their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.71.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.