Zillow Group (NASDAQ:Z) Sets New 1-Year Low After Insider Selling

Zillow Group, Inc. (NASDAQ:Z)’s share price hit a new 52-week low on Tuesday following insider selling activity. The company traded as low as $36.27 and last traded at $37.5660, with a volume of 378485 shares trading hands. The stock had previously closed at $37.17.

Specifically, CFO Jeremy Hofmann sold 5,501 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $205,737.40. Following the sale, the chief financial officer owned 68,315 shares of the company’s stock, valued at approximately $2,554,981. This represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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. Also, CFO Jeremy Hofmann sold 3,671 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $37.93, for a total value of $139,241.03. Following the completion of the sale, the chief financial officer owned 73,816 shares in the company, valued at approximately $2,799,840.88. The trade was a 4.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In related news, insider Dan Spaulding sold 3,078 shares of Zillow Group stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the transaction, the insider directly owned 49,696 shares in the company, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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.

Analysts Set New Price Targets

Z has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, May 7th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Zacks Research upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.75.

Zillow Group News Roundup

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

• Positive Sentiment: Zillow’s “hottest rental markets” update kept the company visible and reinforced its position as a leading housing data and rentals platform. Article: Summer 2026’s hottest rental market? Zillow says Providence
• Neutral Sentiment: Insider selling by CFO Jeremy Hofmann and insider Dan Spaulding came under pre-arranged 10b5-1 plans and was related to tax withholding on equity vesting, limiting the bearish signal.
• Negative Sentiment: News that MRED may disrupt listing data feeds creates operational risk for Zillow’s core listing business. Article: MRED Announces Potential Disruption to Listing Data Feeds to Zillow Group
• Negative Sentiment: A report on a potential antitrust trial adds legal uncertainty around Zillow’s listing transparency practices and long-term valuation. Article: Zillow Faces Antitrust Trial As Listing Transparency Shapes Valuation Story

Zillow Group Trading Up 1.0%

The company has a market capitalization of $8.59 billion, a PE ratio of 150.62, a P/E/G ratio of 1.76 and a beta of 2.07. The stock has a fifty day simple moving average of $42.79 and a 200-day simple moving average of $56.85.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $705.10 million. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.82 EPS for the current year.

Hedge Funds Weigh In On Zillow Group

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

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.