Zillow Group, Inc. (NASDAQ:Z – Get Free Report) insider Errol Samuelson sold 3,154 shares of Zillow Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.24, for a total value of $107,992.96. Following the sale, the insider directly owned 130,885 shares of the company’s stock, valued at $4,481,502.40. This represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Zillow Group Stock Down 3.0%
Shares of Zillow Group stock traded down $1.06 during trading on Monday, reaching $33.72. The company’s stock had a trading volume of 5,034,691 shares, compared to its average volume of 4,238,369. The business’s 50-day moving average price is $32.91 and its 200-day moving average price is $40.19. Zillow Group, Inc. has a 52 week low of $29.23 and a 52 week high of $93.88. The firm has a market cap of $7.72 billion, a PE ratio of 153.28, a P/E/G ratio of 1.51 and a beta of 1.98.
Zillow Group (NASDAQ:Z – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $758.10 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. Equities analysts predict that Zillow Group, Inc. will post 0.89 earnings per share for the current year.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of Z. IFC & Insurance Marketing Inc. acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $68,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Zillow Group in the fourth quarter worth approximately $71,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Zillow Group by 34.5% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 300 shares during the period. Advisory Services Network LLC bought a new stake in Zillow Group in the third quarter valued at approximately $99,000. Finally, Leonteq Securities AG increased its position in Zillow Group by 627.0% during the 1st quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,160 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.
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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