Insider Selling: 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 firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $33.09, for a total transaction of $39,277.83. Following the completion of the sale, the director owned 3,562 shares in the company, valued at approximately $117,866.58. The trade was a 24.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Trading Down 3.2%

Shares of Z stock opened at $34.78 on Friday. Zillow Group, Inc. has a 1 year low of $29.23 and a 1 year high of $93.88. The firm’s fifty day simple moving average is $32.91 and its 200 day simple moving average is $40.39. The firm has a market capitalization of $7.96 billion, a P/E ratio of 158.10, a price-to-earnings-growth ratio of 1.56 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The firm had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $758.10 million. Equities research analysts anticipate that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Morgan Stanley set a $60.00 price objective on Zillow Group in a research report on Thursday, August 6th. Wall Street Zen cut Zillow Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. cut their target price on Zillow Group from $76.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, UBS Group decreased their price target on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.75.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Independent Franchise Partners LLP boosted its holdings in Zillow Group by 0.9% during the fourth quarter. Independent Franchise Partners LLP now owns 10,953,405 shares of the financial services provider’s stock valued at $747,241,000 after purchasing an additional 94,569 shares in the last quarter. Capital World Investors raised 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 worth $738,554,000 after buying an additional 191,058 shares in the last quarter. Tiger Global Management LLC raised its holdings in shares of Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock worth $304,927,000 after buying an additional 1,312,000 shares in the last quarter. State Street Corp lifted its position in shares of Zillow Group by 3.9% during the 4th quarter. State Street Corp now owns 3,838,788 shares of the financial services provider’s stock worth $261,882,000 after buying an additional 143,726 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Zillow Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,363,657 shares of the financial services provider’s stock worth $228,898,000 after buying an additional 55,323 shares during the period. 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.