Zillow Group, Inc. (NASDAQ:Z – Get Free Report) CAO Jennifer Rock sold 1,034 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $37.99, for a total transaction of $39,281.66. Following the completion of the sale, the chief accounting officer directly owned 59,742 shares in the company, valued at approximately $2,269,598.58. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Zillow Group Stock Up 0.8%
Shares of Zillow Group stock opened at $37.66 on Friday. Zillow Group, Inc. has a twelve month low of $36.76 and a twelve month high of $93.88. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 150.64, a P/E/G ratio of 1.76 and a beta of 2.07. The company’s fifty day moving average is $42.97 and its 200 day moving average is $57.26.
Zillow Group (NASDAQ:Z – Get Free Report) last issued its quarterly earnings data 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. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The company had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $705.10 million. As a group, equities analysts anticipate that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Zillow Group
Analyst Upgrades and Downgrades
Several analysts recently weighed in on Z shares. Keefe, Bruyette & Woods reduced their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings upgraded shares of Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Three equities 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.75.
Check Out Our Latest Research Report on Zillow Group
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
About Zillow Group
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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