Zillow Group, Inc. (NASDAQ:Z – Get Free Report) General Counsel Bradley Owens sold 2,246 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $37.93, for a total transaction of $85,190.78. Following the sale, the general counsel owned 68,609 shares of the company’s stock, valued at approximately $2,602,339.37. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.
Zillow Group Price Performance
Shares of Z stock opened at $37.66 on Friday. The firm has a market cap of $8.62 billion, a PE ratio of 150.64, a price-to-earnings-growth ratio of 1.75 and a beta of 2.07. The company has a 50-day moving average of $42.97 and a two-hundred day moving average of $57.26. Zillow Group, Inc. has a 1-year low of $36.76 and a 1-year high of $93.88.
Zillow Group (NASDAQ:Z – Get Free Report) last announced its 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. The company had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.
Zillow Group News Roundup
- 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
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. SummitTX Capital L.P. boosted its stake in shares of Zillow Group by 226.9% in the first quarter. SummitTX Capital L.P. now owns 20,498 shares of the financial services provider’s stock valued at $848,000 after purchasing an additional 14,227 shares during the period. Weiss Asset Management LP purchased a new position in shares of Zillow Group in the first quarter valued at approximately $1,743,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Zillow Group by 27.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 8,249 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 1,801 shares during the period. Tiger Global Management LLC boosted its stake in shares of Zillow Group by 21.7% in the first quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after purchasing an additional 1,312,000 shares during the period. Finally, Inceptionr LLC purchased a new position in shares of Zillow Group in the first quarter valued at approximately $222,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on Z. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Wall Street Zen raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings raised shares of Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Three investment 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 issued a Sell rating to the company. According to data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.75.
Get Our Latest Research Report on Z
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.
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