Jeremy Wacksman Sells 9,072 Shares of Zillow Group (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 9,072 shares of Zillow Group stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $36.54, for a total value of $331,490.88. Following the completion of the transaction, the chief executive officer owned 153,699 shares of the company’s stock, valued at approximately $5,616,161.46. The trade was a 5.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Wacksman also recently made the following trade(s):

• On Thursday, May 14th, Jeremy Wacksman sold 6,051 shares of Zillow Group stock. The stock was sold at an average price of $37.92, for a total value of $229,453.92.

Zillow Group Trading Up 0.9%

Shares of Z opened at $36.05 on Thursday. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 144.20, a PEG ratio of 1.53 and a beta of 2.07. The stock has a 50 day moving average of $41.73 and a 200-day moving average of $55.04. Zillow Group, Inc. has a 52 week low of $34.70 and a 52 week high of $93.88.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. The company had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. On average, sell-side analysts predict that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on Z. Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Zacks Research upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group reduced their price objective 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, Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Institutional Trading of Zillow Group

Several hedge funds have recently added to or reduced their stakes in the business. Centaurus Financial Inc. bought a new stake in Zillow Group during the 1st quarter valued at $166,000. Arkadios Wealth Advisors raised its stake in Zillow Group by 47.3% during the 1st quarter. Arkadios Wealth Advisors now owns 54,209 shares of the financial services provider’s stock valued at $2,243,000 after acquiring an additional 17,408 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Zillow Group by 283.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 1,045 shares in the last quarter. Royal Bank of Canada raised its stake in Zillow Group by 39.7% during the 1st quarter. Royal Bank of Canada now owns 169,350 shares of the financial services provider’s stock valued at $7,007,000 after acquiring an additional 48,102 shares in the last quarter. Finally, Emmett Investment Management LP raised its stake in Zillow Group by 353.9% during the 1st quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider’s stock valued at $3,897,000 after acquiring an additional 75,036 shares in the last quarter. 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.