David A. Beitel Sells 4,650 Shares of Zillow Group, Inc. (NASDAQ:ZG) Stock

Zillow Group, Inc. (NASDAQ:ZGGet Free Report) CTO David A. Beitel sold 4,650 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $44.19, for a total value of $205,483.50. Following the sale, the chief technology officer now owns 171,393 shares of the company’s stock, valued at approximately $7,573,856.67. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Zillow Group Trading Down 1.3 %

Zillow Group stock opened at $43.35 on Friday. The business has a 50 day moving average price of $45.19 and a two-hundred day moving average price of $47.93. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $59.23.

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently modified their holdings of the stock. CWM LLC raised its holdings in shares of Zillow Group by 3,675.7% in the 4th quarter. CWM LLC now owns 46,139 shares of the technology company’s stock worth $2,617,000 after buying an additional 44,917 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Zillow Group by 50.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Zillow Group by 1.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock valued at $1,254,000 after purchasing an additional 250 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in Zillow Group during the 4th quarter valued at $1,305,000. Finally, Amalgamated Bank increased its holdings in Zillow Group by 70.1% during the 3rd quarter. Amalgamated Bank now owns 14,188 shares of the technology company’s stock valued at $635,000 after purchasing an additional 5,847 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZG has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Craig Hallum decreased their price target on Zillow Group from $65.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. JMP Securities decreased their price target on Zillow Group from $68.00 to $62.00 and set a “market outperform” rating for the company in a research note on Thursday, May 2nd. Stephens reiterated an “overweight” rating and set a $79.00 price target on shares of Zillow Group in a research note on Wednesday, February 14th. Finally, Piper Sandler increased their target price on Zillow Group from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.40.

Check Out Our Latest Analysis on Zillow Group

About Zillow Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:ZG)

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