Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) General Counsel Bradley Owens sold 2,246 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $37.93, for a total transaction of $85,190.78. Following the completion of the transaction, the general counsel owned 68,609 shares of the company’s stock, valued at $2,602,339.37. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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.
Zillow Group Stock Performance
Shares of Zillow Group stock opened at $38.06 on Friday. The company has a market capitalization of $8.71 billion, a PE ratio of 152.24, a P/E/G ratio of 1.78 and a beta of 2.04. The company has a 50-day simple moving average of $42.99 and a two-hundred day simple moving average of $56.54. Zillow Group, Inc. has a one year low of $37.26 and a one year high of $90.22.
Zillow Group (NASDAQ:ZG – Get Free Report) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.17 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, equities analysts predict that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Zillow Group
Zillow Group News Roundup
Here are the key news stories impacting Zillow Group this week:
- Positive Sentiment: Zillow highlighted survey results showing most prospective home sellers want broad public exposure rather than private listing networks. The company said 85% of soon-to-be sellers are more likely to hire an agent who can pre-market to the broadest online audience, reinforcing Zillow’s core pitch that open-market listings benefit sellers. Article Title
- Positive Sentiment: Zillow also emphasized its data showing sellers lose money in same-agent dual agency deals and off-MLS listings, a message that could support demand for Zillow’s public-listing ecosystem and advertising tools. Article Title
- Neutral Sentiment: JPMorgan/other analyst commentary pointed to a lower price target for Zillow Group, suggesting Wall Street expectations have softened and may be limiting upside sentiment. Article Title
- Negative Sentiment: Multiple Zillow insiders, including the CEO, COO, CTO, CAO, general counsel, and another executive, sold shares this week. The company said the sales were mainly to cover tax withholding tied to vesting equity awards and some were made under a 10b5-1 plan, but the cluster of insider selling can still create a bearish overhang for investors. Article Title
- Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims against Zillow, adding legal uncertainty that may be a headwind for the stock. Article Title
Institutional Investors Weigh In On Zillow Group
Large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in Zillow Group by 78.9% in the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after buying an additional 187 shares during the last quarter. Arax Advisory Partners boosted its position in Zillow Group by 402.3% in the fourth quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after buying an additional 354 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Zillow Group during the 4th quarter worth about $34,000. Kestra Advisory Services LLC acquired a new stake in Zillow Group during the 4th quarter worth about $47,000. Finally, Quarry LP acquired a new stake in Zillow Group during the 4th quarter worth about $56,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.
About Zillow Group
Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.
Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.
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