Zillow Group (NASDAQ:Z) CAO Jennifer Rock Sells 1,034 Shares

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 1,034 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $37.99, for a total transaction of $39,281.66. Following the completion of the sale, the chief accounting officer owned 59,742 shares in the company, valued at $2,269,598.58. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Stock Performance

Shares of Z opened at $37.66 on Friday. The company’s fifty day moving average is $42.97 and its 200 day moving average is $57.26. Zillow Group, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $93.88. The stock has a market capitalization of $8.62 billion, a PE ratio of 150.64, a P/E/G ratio of 1.75 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The company had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $705.10 million. As a group, research analysts forecast that Zillow Group, Inc. will post 0.82 earnings per share for the current year.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently added to or reduced their stakes in Z. Root Financial Partners LLC bought a new position in Zillow Group during the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC bought a new position in Zillow Group during the 4th quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd bought a new position in Zillow Group during the 3rd quarter valued at about $29,000. Cullen Frost Bankers Inc. lifted its position in shares of Zillow Group by 58.6% during the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 163 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its position in shares of Zillow Group by 32.8% during the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 135 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on Z. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered their price objective on Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.75.

Key Headlines Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zillow published new survey data supporting its marketplace strategy, showing most soon-to-be sellers prefer broad public exposure over private listing networks. The findings reinforce Zillow’s argument that full-market visibility and real-time demand signals help sellers achieve better outcomes. Article Title
• Neutral Sentiment: Zillow CEO Jeremy Wacksman was featured in an interview about the company’s evolution from a desktop-only search engine into a major real-estate app. The article is more of a branding/strategy profile than a near-term financial catalyst. Article Title
• Negative Sentiment: General Counsel Bradley D. Owens sold shares on May 14 and May 15, though the trades were made under a pre-arranged Rule 10b5-1 plan and were tied to tax withholding from vesting equity awards. Insider sales can still weigh on sentiment when the stock is already under legal scrutiny.
• Negative Sentiment: Several plaintiff-side law firms announced investigations into Zillow, increasing the risk of distraction, legal costs, and possible headline pressure on the shares. Article Title

Zillow Group Company Profile

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.