Zillow Group (NASDAQ:Z) Insider Sells $115,117.20 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 3,078 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $115,117.20. Following the completion of the transaction, the insider owned 49,696 shares in the company, valued at approximately $1,858,630.40. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dan Spaulding also recently made the following trade(s):

• On Thursday, May 14th, Dan Spaulding sold 2,056 shares of Zillow Group stock. The shares were sold at an average price of $37.93, for a total transaction of $77,984.08.
• On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The shares were sold at an average price of $43.95, for a total transaction of $235,615.95.

Zillow Group Price Performance

NASDAQ:Z opened at $36.47 on Thursday. Zillow Group, Inc. has a one year low of $34.70 and a one year high of $93.88. The company has a market cap of $8.34 billion, a P/E ratio of 145.88, a P/E/G ratio of 1.54 and a beta of 2.07. The firm’s fifty day moving average price is $42.41 and its two-hundred day moving average price is $56.35.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, beating 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 firm had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.10 million. As a group, equities research analysts expect that Zillow Group, Inc. will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On Zillow Group

Hedge funds have recently bought and sold shares of the business. M&T Bank Corp bought a new position in Zillow Group during the 4th quarter worth $196,677,000. Scge Management L.P. bought a new position in Zillow Group in the 3rd quarter valued at about $133,990,000. L1 Capital Pty Ltd increased its holdings in Zillow Group by 24,803.7% in the 4th quarter. L1 Capital Pty Ltd now owns 1,729,313 shares of the financial services provider’s stock valued at $117,974,000 after buying an additional 1,722,369 shares during the period. Tiger Global Management LLC increased its holdings in Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after buying an additional 1,312,000 shares during the period. Finally, Soma Equity Partners LP increased its holdings in Zillow Group by 389.5% in the 3rd quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock valued at $113,147,000 after buying an additional 1,168,492 shares during the period. 71.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on Z. Weiss Ratings upgraded Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. UBS Group lowered their target price on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $77.00.

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.