Insider Selling: Zillow Group (NASDAQ:Z) Insider Sells 5,361 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 5,361 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total transaction of $235,615.95. Following the sale, the insider owned 41,080 shares of the company’s stock, valued at approximately $1,805,466. This represents a 11.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, February 12th, Dan Spaulding sold 3,901 shares of Zillow Group stock. The shares were sold at an average price of $44.19, for a total transaction of $172,385.19.

Zillow Group Trading Up 1.2%

Shares of NASDAQ:Z traded up $0.52 during trading on Tuesday, reaching $43.97. 6,240,041 shares of the stock were exchanged, compared to its average volume of 4,490,185. The firm has a market cap of $10.64 billion, a PE ratio of 488.61, a PEG ratio of 3.23 and a beta of 2.08. Zillow Group, Inc. has a 12 month low of $42.50 and a 12 month high of $93.88. The stock has a 50-day moving average price of $65.03 and a 200-day moving average price of $73.57.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. On average, sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Zillow Group in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new position in shares of Zillow Group in the 4th quarter worth approximately $28,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group in the third quarter valued at approximately $29,000. Cullen Frost Bankers Inc. increased its position in shares of Zillow Group by 58.6% during the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 163 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 185 shares during the period. 71.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays upgraded shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Mizuho downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Finally, Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $90.60.

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.