Zillow Group (NASDAQ:Z) Director Sells $28,282.32 in Stock

Zillow Group, Inc. (NASDAQ:Z – Get Free Report) Director Erik Blachford sold 792 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total transaction of $28,282.32. Following the transaction, the director directly owned 34,160 shares in the company, valued at $1,219,853.60. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $34.59 on Monday. Zillow Group, Inc. has a fifty-two week low of $29.23 and a fifty-two week high of $93.88. The business has a 50-day moving average of $33.83 and a two-hundred day moving average of $38.03. The stock has a market capitalization of $7.78 billion, a P/E ratio of 157.23, a P/E/G ratio of 1.51 and a beta of 2.00.

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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, beating analysts’ consensus estimates of $0.45 by $0.07. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The business had revenue of $772.00 million for the quarter, compared to the consensus estimate of $758.10 million. As a group, research analysts expect that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of Z. Corient Private Wealth LP boosted its position in shares of Zillow Group by 229.9% in the second quarter. Corient Private Wealth LP now owns 17,090 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 11,909 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Zillow Group during the second quarter worth $325,000. California State Teachers Retirement System raised its stake in Zillow Group by 1,877.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,533,431 shares of the financial services provider’s stock valued at $175,553,000 after purchasing an additional 5,253,603 shares during the last quarter. Wedmont Private Capital raised its stake in Zillow Group by 24.3% during the 2nd quarter. Wedmont Private Capital now owns 6,296 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 1,231 shares during the last quarter. Finally, denkapparat Operations GmbH bought a new stake in Zillow Group in the 2nd quarter valued at $541,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Z has been the topic of a number of recent analyst reports. Morgan Stanley set a $60.00 price target on shares of Zillow Group in a research report on Thursday, August 6th. JPMorgan Chase & Co. lowered their target price on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Sanford C. Bernstein downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods cut their target price on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. Finally, Royal Bank Of Canada decreased their price target on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, June 10th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.75.

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About Zillow Group

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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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