Zillow Group (NASDAQ:Z) Insider Dan Spaulding Sells 3,078 Shares

Zillow Group, Inc. (NASDAQ:ZGet Free Report) insider Dan Spaulding sold 3,078 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the transaction, the insider directly owned 49,696 shares in the company, valued at $1,858,630.40. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Thursday, May 14th, Dan Spaulding sold 2,056 shares of Zillow Group stock. The shares were sold at an average price of $37.93, for a total value of $77,984.08.
  • On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The shares were sold at an average price of $43.95, for a total value of $235,615.95.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $37.17 on Tuesday. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 148.68, a P/E/G ratio of 1.76 and a beta of 2.07. The business’s 50-day moving average is $42.79 and its 200-day moving average is $56.85. Zillow Group, Inc. has a 1 year low of $36.76 and a 1 year high of $93.88.

Zillow Group (NASDAQ:ZGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. Analysts anticipate that Zillow Group, Inc. will post 0.82 EPS for the current year.

Trending Headlines about Zillow Group

Here are the key news stories impacting Zillow Group this week:

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods decreased their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus price target of $79.75.

Read Our Latest Research Report on Zillow Group

Institutional Trading of Zillow Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Zillow Group during the 3rd quarter worth approximately $27,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new stake in Zillow Group during the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. increased its holdings 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 purchasing an additional 163 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings 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 purchasing an additional 135 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

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.

Further Reading

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

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.