JPMorgan Chase & Co. Has Lowered Expectations for Zillow Group (NASDAQ:Z) Stock Price

Zillow Group (NASDAQ:Z) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $84.00 to $76.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 73.99% from the company’s current price.

A number of other research analysts have also recently issued reports on Z. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Barclays upgraded shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.75.

Zillow Group Trading Down 1.9%

Shares of NASDAQ:Z traded down $0.85 during midday trading on Thursday, hitting $43.68. The stock had a trading volume of 7,135,970 shares, compared to its average volume of 4,102,103. The company has a market capitalization of $10.48 billion, a PE ratio of 485.39, a P/E/G ratio of 2.13 and a beta of 2.07. The stock has a 50 day moving average price of $43.70 and a two-hundred day moving average price of $58.92. Zillow Group has a 1 year low of $39.05 and a 1 year high of $93.88.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $654.00 million during the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. As a group, equities analysts expect that Zillow Group will post 0.82 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,786 shares of Zillow Group stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total transaction of $340,481.78. Following the completion of the transaction, the chief financial officer owned 57,487 shares in the company, valued at approximately $2,513,906.51. The trade was a 11.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO David A. Beitel sold 3,966 shares of Zillow Group stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $175,376.52. Following the transaction, the chief technology officer owned 136,690 shares of the company’s stock, valued at approximately $6,044,431.80. The trade was a 2.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 60,801 shares of company stock valued at $2,683,986 in the last quarter. 25.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in Z. M&T Bank Corp acquired a new position in shares of Zillow Group in the fourth quarter valued at approximately $196,677,000. Scge Management L.P. acquired a new position in shares of Zillow Group in the third quarter valued at approximately $133,990,000. L1 Capital Pty Ltd raised its position in shares of Zillow Group by 24,803.7% in the fourth quarter. L1 Capital Pty Ltd now owns 1,729,313 shares of the financial services provider’s stock valued at $117,974,000 after buying an additional 1,722,369 shares during the last quarter. Soma Equity Partners LP grew its holdings in Zillow Group by 389.5% in the third quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock valued at $113,147,000 after purchasing an additional 1,168,492 shares during the period. Finally, Amundi grew its holdings in Zillow Group by 183.8% in the fourth quarter. Amundi now owns 1,632,369 shares of the financial services provider’s stock valued at $111,360,000 after purchasing an additional 1,057,192 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Trending Headlines about Zillow Group

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

• Positive Sentiment: Q1 results beat expectations: Zillow reported ~$0.53 EPS and ~$708M revenue, topping consensus and showing solid growth across key businesses — a primary driver supporting the stock. Zillow (Z) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Operational momentum: rentals accelerated and mortgage originations nearly doubled; Zillow is pushing pre?marketing initiatives to unlock growth, supporting longer?term revenue diversification. Zillow bets on pre-marketing to unlock new growth
• Positive Sentiment: Company narrative around AI and workflow integration may buoy investor confidence in Zillow’s transformation toward higher?margin services and product differentiation. Zillow Group leans into AI as revenue climbs 18% in flat housing market
• Neutral Sentiment: Keefe, Bruyette & Woods cut its price target to $50 from $60 and set a “market perform” rating — the PT still implies modest upside but reflects tempered near?term expectations. Benzinga
• Neutral Sentiment: Guidance and outlook drove caution: Q2 revenue guidance of $750M–$765M sits around consensus, and commentary emphasized the outlook over the headline beat. That mixed guidance is why some analysts highlight near?term downside despite the beat. Zillow Stock Slides After Earnings Beat. The Focus Is on the Outlook.
• Negative Sentiment: Legal risk: multiple law firms (Rosen, Pomerantz) have launched securities?class?action inquiries alleging potentially misleading disclosures — this increases headline risk and could pressure the stock. ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Zillow Group Inc. Investors to Inquire Pomerantz investor alert
• Negative Sentiment: Traffic fell (~3% decline to ~220M monthly unique users) which, coupled with cautious commentary on housing demand, explains investor concern that growth could re?soften. Zillow Posts Higher Profit, Lower Traffic in First Quarter

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.