Dan Spaulding Sells 2,056 Shares of Zillow Group (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:ZGet Free Report) insider Dan Spaulding sold 2,056 shares of the company’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 $77,984.08. Following the completion of the transaction, the insider owned 52,774 shares in the company, valued at approximately $2,001,717.82. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Monday, May 18th, Dan Spaulding sold 3,078 shares of Zillow Group stock. The stock was sold at an average price of $37.40, for a total transaction of $115,117.20.
  • On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The stock was sold at an average price of $43.95, for a total value of $235,615.95.

Zillow Group Stock Performance

NASDAQ Z opened at $36.00 on Wednesday. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 144.00, a price-to-earnings-growth ratio of 1.59 and a beta of 2.07. The company’s 50-day simple moving average is $42.59 and its two-hundred day simple moving average is $56.60. Zillow Group, Inc. has a one year low of $35.76 and a one year high of $93.88.

Zillow Group (NASDAQ:ZGet Free Report) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. Equities analysts expect that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Zillow Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after buying an additional 71,336 shares during the period. Independent Franchise Partners LLP raised its stake in shares of Zillow Group by 0.9% in the 4th quarter. Independent Franchise Partners LLP now owns 10,953,405 shares of the financial services provider’s stock valued at $747,241,000 after acquiring an additional 94,569 shares during the period. Capital World Investors lifted its holdings in shares of Zillow Group by 1.8% in the 4th quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider’s stock worth $738,554,000 after acquiring an additional 191,058 shares during the last quarter. Tiger Global Management LLC boosted its position in shares of Zillow Group by 21.7% during the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock worth $304,927,000 after purchasing an additional 1,312,000 shares during the period. Finally, State Street Corp increased its holdings in Zillow Group by 3.9% in the 4th quarter. State Street Corp now owns 3,838,788 shares of the financial services provider’s stock valued at $261,882,000 after purchasing an additional 143,726 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group News Roundup

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on Z shares. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Weiss Ratings upgraded Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods reduced their price target on shares of 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. lowered their target price on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.75.

Read Our Latest Report on Zillow Group

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.

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

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