Zillow Group, Inc. (Z) CEO Sells $796,320.00 in Stock
Zillow Group, Inc. (NYSE:Z) CEO Spencer M. Rascoff sold 22,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $35.55, for a total value of $796,320.00. Following the transaction, the chief executive officer now owns 7,500 shares of the company’s stock, valued at $266,625. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Zillow Group, Inc. (NYSE:Z) opened at 36.29 on Monday. The stock’s 50 day moving average price is $34.09 and its 200 day moving average price is $33.75. The stock’s market capitalization is $6.55 billion. Zillow Group, Inc. has a one year low of $15.36 and a one year high of $39.88.
A number of research analysts recently commented on the company. Canaccord Genuity reissued a “buy” rating and issued a $42.00 price target on shares of Zillow Group in a report on Tuesday, October 4th. TheStreet assumed coverage on Zillow Group in a report on Friday, September 2nd. They issued a “hold” rating on the stock. RBC Capital Markets reissued an “outperform” rating and issued a $42.00 price target (up from $36.00) on shares of Zillow Group in a report on Monday, August 8th. Morgan Stanley reissued a “buy” rating and issued a $40.00 price target on shares of Zillow Group in a report on Friday, August 5th. Finally, Cowen and Company boosted their price target on Zillow Group from $29.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Zillow Group presently has an average rating of “Buy” and a consensus price target of $38.60.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Credit Suisse AG boosted its position in shares of Zillow Group by 10.3% in the third quarter. Credit Suisse AG now owns 198,070 shares of the company’s stock valued at $6,862,000 after buying an additional 18,570 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Zillow Group during the third quarter valued at approximately $378,000. The Manufacturers Life Insurance Company bought a new stake in Zillow Group during the third quarter valued at approximately $288,000. UBS Group AG raised its stake in Zillow Group by 1.0% in the third quarter. UBS Group AG now owns 307,599 shares of the company’s stock valued at $10,658,000 after buying an additional 2,985 shares during the period. Finally, Moore Capital Management LP bought a new stake in Zillow Group during the third quarter valued at approximately $212,000.
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