A company insider recently sold 7,296 shares of Zillow Group Inc. [Z]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zillow Group Inc. shares valued at $252,428 were sold by Spaulding Dan on Sep 02. At $34.60 per share, Spaulding Dan sold 7,296 shares. The insider’s holdings dropped to 34,509 shares worth approximately $1.08 million following the completion of this transaction.

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Also, Daimler Susan sold 3,241 shares, netting a total of over 108,739 in proceeds. Following the sale of shares at $33.55 each, the insider now holds 23,727 shares.

Before that, Daimler Susan had sold 5,835 shares from its account. In a trade valued at $195,425, the President of Zillow traded Zillow Group Inc. shares for $33.49 each. Upon closing the transaction, the insider’s holdings decreased to 5,835 shares, worth approximately $1.34 million.

Analysts at Standpoint Research downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of June 08, 2020, Needham has increased its “Hold” rating to a “Buy” for Z. Earlier on February 28, 2020, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for Z stock.

Analyzing Z’s Price Performance

On Wednesday, Zillow Group Inc. [NASDAQ: Z] plunged -3.31% to $31.27. The stock’s lowest price that day was $31.23, but it reached a high of $32.93 in the same session. During the last five days, there has been a drop of approximately -12.31%. Over the course of the year, Zillow Group Inc. shares have dropped approximately -51.03%. Shares of the company reached a 52-week high of $65.88 on 02/17/22 and a 52-week low of $28.61 on 06/16/22. A 50-day SMA is recorded $35.49, while a 200-day SMA reached $45.06. Nevertheless, trading volume fell to 3.02 million shares from 4.01 million shares the previous day.

Support And Resistance Levels for Zillow Group Inc. (Z)

According to the 24-hour chart, there is a support level at 30.69, which, if violated, would cause prices to drop to 30.11. In the upper region, resistance lies at 32.39. The next price resistance is at 33.51. RSI (Relative Strength Index) is 36.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.63, which suggests the price will decrease in the coming days. Percent R is at 99.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Zillow Group Inc. subject to short interest?

Stocks of Zillow Group Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.92 million shares to 27.93 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 25.01 million shares. A jump of 10.45% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.65.

Which companies own the most shares of Zillow Group Inc. (Z)?

According to Caledonia filings, the company currently owns 36,394,056 shares, which is about 20.68% of the total Z shares outstanding. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $757,891,820. Independent Franchise Partners LL acquire a 30.51% interest valued at $461.94 million while BlackRock Fund Advisors sold a -44,758 stake. A total of -568,983 shares of Zillow Group Inc. were sold by Eminence Capital LP during the quarter, and -1,400,000 were sold by Southpoint Capital Advisors LP. In its current portfolio, SSgA Funds Management, Inc. holds 3,514,168 shares valued at $117.58 million.

In terms of Zillow Group Inc. share price expectations, FactSet research, analysts set an average price target of $41.82 in the next 12 months, up nearly 23.69% from the previous closing price of $32.34. Analysts anticipate Zillow Group Inc. stock to reach $55.00 by 2022, with the lowest price target being $28.00. In spite of this, 25 analysts ranked Zillow Group Inc. stock as a Hold at the end of 2022.


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