Jennifer Rock Sells 3,291 Shares of Zillow Group (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 3,291 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.12, for a total transaction of $234,055.92. Following the sale, the chief accounting officer directly owned 41,190 shares in the company, valued at approximately $2,929,432.80. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jennifer Rock also recently made the following trade(s):

• On Monday, November 10th, Jennifer Rock sold 2,710 shares of Zillow Group stock. The shares were sold at an average price of $73.83, for a total value of $200,079.30.

Zillow Group Stock Performance

Shares of NASDAQ:Z traded down $2.05 during midday trading on Wednesday, hitting $72.03. 3,858,147 shares of the stock were exchanged, compared to its average volume of 2,736,108. Zillow Group, Inc. has a 52-week low of $57.51 and a 52-week high of $93.88. The business’s fifty day simple moving average is $78.12 and its two-hundred day simple moving average is $75.71. The company has a market capitalization of $17.43 billion, a PE ratio of -514.46, a P/E/G ratio of 28.72 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The firm had revenue of $729.00 million for the quarter, compared to analyst estimates of $670.28 million. Zillow Group has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Bank of America raised their price objective on Zillow Group from $81.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Oppenheimer started coverage on Zillow Group in a report on Monday, October 6th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.14.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently added to or reduced their stakes in Z. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after buying an additional 71,336 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in Zillow Group by 2.5% in the 1st quarter. Independent Franchise Partners LLP now owns 11,153,697 shares of the financial services provider’s stock worth $764,697,000 after purchasing an additional 271,084 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Zillow Group by 2.0% during the third quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock valued at $371,788,000 after purchasing an additional 93,339 shares in the last quarter. Eminence Capital LP grew its holdings in shares of Zillow Group by 63.6% during the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after purchasing an additional 1,546,577 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Zillow Group by 2.3% in the second quarter. Geode Capital Management LLC now owns 3,142,403 shares of the financial services provider’s stock valued at $219,467,000 after buying an additional 69,630 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.