Errol Samuelson Sells 2,939 Shares of Zillow Group (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:ZGet Free Report) insider Errol Samuelson sold 2,939 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $37.97, for a total transaction of $111,593.83. Following the completion of the transaction, the insider directly owned 134,039 shares of the company’s stock, valued at $5,089,460.83. This trade represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Trading Up 0.8%

Shares of NASDAQ Z opened at $37.66 on Friday. The firm has a market cap of $8.62 billion, a PE ratio of 150.64, a PEG ratio of 1.76 and a beta of 2.07. Zillow Group, Inc. has a 1-year low of $36.76 and a 1-year high of $93.88. The company has a fifty day moving average price of $42.97 and a 200 day moving average price of $57.26.

Zillow Group (NASDAQ:ZGet 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 analysts’ consensus estimates of $0.43 by $0.10. The firm 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%. Equities research analysts forecast that Zillow Group, Inc. will post 0.82 EPS for the current year.

Zillow Group News Roundup

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

Institutional Investors Weigh In On Zillow Group

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

Analyst Ratings Changes

A number of brokerages recently weighed in on Z. JPMorgan Chase & Co. reduced 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. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. 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. 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, Wall Street Zen raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.75.

View Our Latest Report on Zillow Group

Zillow Group Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:Z)

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