Why Zillow Group Stock Is Trading Higher Wednesday

Zillow Group, Inc. Z shares are moving higher Wednesday after SEC filing shows director Jay Hoag bought 2,338,036 shares.

What To Know: The filing from late Tuesday indicates the director bought approximately two million shares at an average price of $43.76 a share.

The total value of the purchase is about $99.97 million, according to data from Benzinga Pro.

How To Buy Zillow Group Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Zillow Gr's case, it is in the Real Estate sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Z Price Action: At the time of publication, Zillow stock is trading 13.8% higher at $48.70 per data from Benzinga Pro.

Image: Zillow Photo via Shutterstock