Zillow Group (NASDAQ:Z) CAO Sells $33,897.60 in Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 990 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $34.24, for a total transaction of $33,897.60. Following the sale, the chief accounting officer owned 58,752 shares in the company, valued at approximately $2,011,668.48. This trade represents a 1.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $36.58 on Thursday. The company has a 50-day moving average of $32.92 and a 200 day moving average of $39.52. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 166.28, a PEG ratio of 1.50 and a beta of 1.98. Zillow Group, Inc. has a 1 year low of $29.23 and a 1 year high of $93.88.

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

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Leonteq Securities AG boosted its stake in Zillow Group by 627.0% during the 1st quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,160 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Zillow Group by 283.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 1,045 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of Zillow Group during the fourth quarter valued at $68,000. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Zillow Group during the fourth quarter valued at $71,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Zillow Group by 34.5% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock valued at $80,000 after buying an additional 300 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on Z. Evercore cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Sanford C. Bernstein cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Zacks Research downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. UBS Group lowered their price target on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Wall Street Zen cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.75.

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.