Thielke Claire Cormier Sells 1,187 Shares of Zillow Group (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) Director Claire Cormier Thielke sold 1,187 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total value of $42,387.77. Following the transaction, the director owned 2,375 shares of the company’s stock, valued at approximately $84,811.25. This trade represents a 33.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Cormier Thielke sold 1,187 shares of Zillow Group stock. The stock was sold at an average price of $33.09, for a total transaction of $39,277.83.

Zillow Group Stock Performance

Shares of Z stock opened at $34.59 on Friday. Zillow Group, Inc. has a 52-week low of $29.23 and a 52-week high of $93.88. The stock has a fifty day simple moving average of $33.83 and a two-hundred day simple moving average of $38.07. The firm has a market capitalization of $7.78 billion, a PE ratio of 157.23, a PEG ratio of 1.51 and a beta of 2.00.

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

Analysts Set New Price Targets

Z has been the subject of several research analyst reports. Jefferies Financial Group cut their price target on Zillow Group from $75.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, August 7th. Finally, Evercore cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $66.75.

Institutional Trading of Zillow Group

Several institutional investors have recently added to or reduced their stakes in Z. The Manufacturers Life Insurance Company boosted its holdings in Zillow Group by 106.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 41,519 shares of the financial services provider’s stock valued at $1,718,000 after acquiring an additional 21,439 shares during the period. Tiger Global Management LLC increased its stake in Zillow Group by 21.7% in the first quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock worth $304,927,000 after purchasing an additional 1,312,000 shares during the period. IFP Advisors Inc increased its stake in Zillow Group by 17,458.4% in the fourth quarter. IFP Advisors Inc now owns 73,921 shares of the financial services provider’s stock worth $5,043,000 after purchasing an additional 73,500 shares during the period. Emmett Investment Management LP lifted its position in shares of Zillow Group by 353.9% during the first quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider’s stock worth $3,897,000 after purchasing an additional 75,036 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of Zillow Group during the first quarter worth $1,743,000. Institutional investors own 71.01% of the company’s stock.

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.