Zillow Group (NASDAQ:Z) Director Sells $39,277.83 in Stock

Zillow Group, Inc. (NASDAQ:Z) Director Thielke Claire Cormier sold 1,187 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $33.09, for a total value of $39,277.83. Following the completion of the sale, the director owned 3,562 shares in the company, valued at $117,866.58. This represents a 24.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Stock Down 2.6%

Shares of NASDAQ Z traded down $0.88 during midday trading on Wednesday, hitting $33.26. 2,883,828 shares of the company’s stock were exchanged, compared to its average volume of 4,239,857. The firm has a market capitalization of $7.61 billion, a PE ratio of 151.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.98. Zillow Group, Inc. has a 12 month low of $29.23 and a 12 month high of $93.88. The company’s 50 day moving average price is $32.96 and its 200 day moving average price is $40.91.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The business had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $758.10 million. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on Z shares. UBS Group cut their target price on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Keefe, Bruyette & Woods decreased their price target on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, August 7th. Wall Street Zen cut shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley set a $60.00 price objective on shares of Zillow Group in a research report on Thursday, August 6th. Finally, Evercore cut Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.75.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of Z. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $43,000. Leonteq Securities AG raised its position in shares of Zillow Group by 627.0% in the first quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,160 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Zillow Group by 283.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,045 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of Zillow Group in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.