Zillow Group (NASDAQ:Z) Insider Sells $77,984.08 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 2,056 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $37.93, for a total value of $77,984.08. Following the completion of the transaction, the insider owned 52,774 shares of the company’s stock, valued at $2,001,717.82. The trade was a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 Monday, May 18th, Dan Spaulding sold 3,078 shares of Zillow Group stock. The stock was sold at an average price of $37.40, for a total value of $115,117.20.
• On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The stock was sold at an average price of $43.95, for a total value of $235,615.95.

Zillow Group Stock Performance

NASDAQ:Z opened at $36.47 on Thursday. Zillow Group, Inc. has a 1 year low of $34.70 and a 1 year high of $93.88. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 145.88, a PEG ratio of 1.54 and a beta of 2.07. The stock has a fifty day moving average price of $42.41 and a two-hundred day moving average price of $56.35.

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, beating analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.10 million. On average, analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current year.

Institutional Trading of Zillow Group

A number of large investors have recently made changes to their positions in the stock. Jain Global LLC acquired a new stake in Zillow Group in the 3rd quarter worth about $6,220,000. Rakuten Investment Management Inc. acquired a new stake in Zillow Group in the 3rd quarter worth about $2,919,000. Coronation Fund Managers Ltd. acquired a new stake in Zillow Group in the 3rd quarter worth about $18,141,000. Y Intercept Hong Kong Ltd boosted its stake in Zillow Group by 63.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider’s stock worth $6,565,000 after buying an additional 32,975 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Zillow Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after buying an additional 71,336 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the subject of a number of research analyst reports. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Thursday, May 7th. Weiss Ratings upgraded Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, UBS Group dropped their price target on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.