Zillow Group (NASDAQ:Z) Insider Sells $112,087.53 in Stock

Zillow Group, Inc. (NASDAQ:Z – Get Free Report) insider Dan Spaulding sold 3,169 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $35.37, for a total value of $112,087.53. Following the transaction, the insider owned 44,561 shares in the company, valued at approximately $1,576,122.57. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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):

Get Zillow Group alerts:

• On Thursday, August 13th, Dan Spaulding sold 1,966 shares of Zillow Group stock. The shares were sold at an average price of $34.24, for a total value of $67,315.84.

Zillow Group Stock Up 5.8%

Z stock opened at $36.58 on Thursday. The company has a market cap of $8.23 billion, a PE ratio of 166.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.98. The business has a 50-day simple moving average of $32.92 and a 200 day simple moving average of $39.52. Zillow Group, Inc. has a 52 week low of $29.23 and a 52 week high of $93.88.

Zillow Group (NASDAQ:Z – Get Free Report) last posted 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%. On average, analysts anticipate that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG lifted its stake in Zillow Group by 627.0% in 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 last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Zillow Group by 283.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock worth $59,000 after buying an additional 1,045 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new stake in shares of Zillow Group during the fourth quarter worth $68,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Zillow Group during the fourth quarter worth $71,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Zillow Group by 34.5% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock worth $80,000 after buying an additional 300 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on Z. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. UBS Group cut their target price on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Sanford C. Bernstein downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $66.75.

View Our Latest Research Report on Z

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.

Featured Stories

• Five stocks we like better than Zillow Group
• Bloom Energy’s AI Surge Meets a Valuation Reality Check
• Target Is Winning Shoppers Back—Can the Rally Reach $180?
• IonQ’s Space Contract Points to a New Frontier for Quantum Investors
• Is Apple’s AI Strategy Smarter Than Skeptics Think?

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.