Zillow Group (NASDAQ:Z) CAO Sells $39,281.66 in Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 1,034 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $37.99, for a total transaction of $39,281.66. Following the transaction, the chief accounting officer owned 59,742 shares of the company’s stock, valued at approximately $2,269,598.58. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $37.66 on Monday. The business has a 50-day moving average of $42.97 and a 200-day moving average of $57.12. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 150.64, a PEG ratio of 1.76 and a beta of 2.07. Zillow Group, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $93.88.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.10 million. On average, sell-side analysts expect that Zillow Group, Inc. will post 0.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on Z. Weiss Ratings raised Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Zacks Research upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in shares of Zillow Group during the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in Zillow Group during the 4th quarter valued at $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group during the 3rd quarter valued at $29,000. Cullen Frost Bankers Inc. increased its holdings in shares of Zillow Group by 58.6% in the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 163 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in shares of Zillow Group by 32.8% in the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 135 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group News Summary

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

• Positive Sentiment: Zillow published new survey data supporting its marketplace strategy, showing most soon-to-be sellers prefer broad public exposure over private listing networks. The findings reinforce Zillow’s argument that full-market visibility and real-time demand signals help sellers achieve better outcomes. Article Title
• Neutral Sentiment: Zillow CEO Jeremy Wacksman was featured in an interview about the company’s evolution from a desktop-only search engine into a major real-estate app. The article is more of a branding/strategy profile than a near-term financial catalyst. Article Title
• Negative Sentiment: General Counsel Bradley D. Owens sold shares on May 14 and May 15, though the trades were made under a pre-arranged Rule 10b5-1 plan and were tied to tax withholding from vesting equity awards. Insider sales can still weigh on sentiment when the stock is already under legal scrutiny.
• Negative Sentiment: Several plaintiff-side law firms announced investigations into Zillow, increasing the risk of distraction, legal costs, and possible headline pressure on the shares. Article Title

About Zillow Group

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.