Zillow Group (NASDAQ:Z) Director Thielke Claire Cormier Sells 1,187 Shares

Zillow Group, Inc. (NASDAQ:Z) Director Thielke Claire Cormier sold 1,187 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $33.09, for a total transaction of $39,277.83. Following the completion of the sale, the director directly owned 3,562 shares of the company’s stock, valued at approximately $117,866.58. This represents a 24.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Stock Performance

Z traded down $0.88 during mid-day trading on Wednesday, reaching $33.26. The stock had a trading volume of 2,883,828 shares, compared to its average volume of 4,239,857. The stock has a market capitalization of $7.61 billion, a P/E ratio of 151.19, a P/E/G ratio of 1.44 and a beta of 1.98. The firm’s fifty day simple moving average is $32.96 and its two-hundred day simple moving average is $40.91. Zillow Group, Inc. has a 52 week low of $29.23 and a 52 week high of $93.88.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The company had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. As a group, analysts expect that Zillow Group, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Zillow Group from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, July 14th. Keefe, Bruyette & Woods reduced their price objective on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, August 7th. JPMorgan Chase & Co. lowered their target price on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday. Zacks Research downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $66.75.

Institutional Investors Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in Z. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the 4th quarter worth about $28,000. Flagship Harbor Advisors LLC bought a new position in Zillow Group in the fourth quarter valued at approximately $43,000. Leonteq Securities AG increased its position in shares of Zillow Group by 627.0% during the 1st quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,160 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Zillow Group by 283.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 1,045 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new stake in Zillow Group in the fourth quarter valued at $68,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.