Zillow Group (NASDAQ:Z) CTO David Beitel Sells 3,893 Shares

Zillow Group, Inc. (NASDAQ:Z) CTO David Beitel sold 3,893 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $71.12, for a total transaction of $276,870.16. Following the transaction, the chief technology officer directly owned 140,656 shares of the company’s stock, valued at $10,003,454.72. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Zillow Group Stock Down 2.2%

Zillow Group stock traded down $1.57 during trading on Friday, hitting $68.80. The stock had a trading volume of 3,766,893 shares, compared to its average volume of 2,966,846. The stock’s 50 day moving average is $77.25 and its two-hundred day moving average is $75.66. Zillow Group, Inc. has a 1 year low of $57.51 and a 1 year high of $93.88. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of -491.39, a price-to-earnings-growth ratio of 27.67 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last issued its 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). The firm had revenue of $729.00 million during the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. Zillow Group has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on Z shares. Bank of America lifted their target price on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Sanford C. Bernstein raised Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. raised their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $91.14.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pittenger & Anderson Inc. raised its position in Zillow Group by 32.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 135 shares during the last quarter. Brighton Jones LLC increased its stake in Zillow Group by 2.5% in the second quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 140 shares during the period. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Zillow Group by 0.3% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 48,575 shares of the financial services provider’s stock valued at $3,743,000 after buying an additional 144 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Zillow Group by 25.1% during the second quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after buying an additional 159 shares during the period. Finally, True Vision MN LLC grew its holdings in shares of Zillow Group by 2.1% during the second quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider’s stock worth $544,000 after buying an additional 161 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Company Profile

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.