Zillow Group (NASDAQ:Z) Director Sells $42,387.77 in Stock

Zillow Group, Inc. (NASDAQ:Z) Director Claire Cormier Thielke sold 1,187 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total value of $42,387.77. Following the sale, the director directly owned 2,375 shares in the company, valued at $84,811.25. This represents a 33.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Cormier Thielke sold 1,187 shares of Zillow Group stock. The shares were sold at an average price of $33.09, for a total value of $39,277.83.

Zillow Group Price Performance

Shares of Z opened at $34.59 on Monday. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 157.23, a PEG ratio of 1.51 and a beta of 2.00. Zillow Group, Inc. has a 52 week low of $29.23 and a 52 week high of $93.88. The stock’s 50-day moving average price is $33.83 and its 200-day moving average price is $38.03.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The company had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.10 million. As a group, equities analysts anticipate that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Z has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Jefferies Financial Group lowered 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. Sanford C. Bernstein lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada lowered their price target on Zillow Group from $95.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $66.75.

Hedge Funds Weigh In On Zillow Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in shares of Zillow Group by 4.7% in the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 171 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Zillow Group by 3.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,550 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 220 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Zillow Group by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,410 shares of the financial services provider’s stock worth $4,269,000 after purchasing an additional 259 shares during the last quarter. Motley Fool Asset Management LLC lifted its stake in Zillow Group by 7.2% in the 4th quarter. Motley Fool Asset Management LLC now owns 4,194 shares of the financial services provider’s stock valued at $286,000 after buying an additional 281 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Zillow Group by 34.5% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock valued at $80,000 after buying an additional 300 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.