Dan Spaulding Sells 3,078 Shares of Zillow Group (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:ZGet Free Report) insider Dan Spaulding sold 3,078 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider directly owned 49,696 shares of the company’s stock, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.

Dan Spaulding also recently made the following trade(s):

  • On Thursday, May 14th, Dan Spaulding sold 2,056 shares of Zillow Group stock. The shares were sold at an average price of $37.93, for a total transaction of $77,984.08.
  • 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 transaction of $235,615.95.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $36.00 on Wednesday. Zillow Group, Inc. has a 52-week low of $35.76 and a 52-week high of $93.88. The stock has a market cap of $8.24 billion, a P/E ratio of 144.00, a P/E/G ratio of 1.59 and a beta of 2.07. The firm has a 50 day moving average price of $42.59 and a 200 day moving average price of $56.60.

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 the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The company had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.10 million. Analysts predict that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in Z. Vanguard Group Inc. lifted its position in Zillow Group by 0.3% during the 3rd 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 in the last quarter. Independent Franchise Partners LLP grew its holdings 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 in the last quarter. Capital World Investors grew 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 valued at $738,554,000 after acquiring an additional 191,058 shares in the last quarter. Tiger Global Management LLC increased its position in shares of Zillow Group by 21.7% in the first quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after acquiring an additional 1,312,000 shares during the last quarter. Finally, State Street Corp increased its position in shares of Zillow Group by 3.9% in the fourth quarter. State Street Corp now owns 3,838,788 shares of the financial services provider’s stock valued at $261,882,000 after acquiring an additional 143,726 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on Z. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Thursday, May 7th. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Three research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.75.

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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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