Zillow Group (NASDAQ:Z) Director Sells $27,526.80 in Stock

Zillow Group, Inc. (NASDAQ:Z) Director Erik Blachford sold 791 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $34.80, for a total value of $27,526.80. Following the completion of the transaction, the director owned 34,952 shares in the company, valued at $1,216,329.60. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Stock Performance

Z traded up $0.66 during mid-day trading on Tuesday, reaching $35.45. The stock had a trading volume of 4,460,499 shares, compared to its average volume of 4,231,632. The stock has a market capitalization of $8.11 billion, a P/E ratio of 141.80, a P/E/G ratio of 1.50 and a beta of 1.97. The firm’s fifty day simple moving average is $40.28 and its two-hundred day simple moving average is $53.05. Zillow Group, Inc. has a 52 week low of $34.16 and a 52 week high of $93.88.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $708.00 million for 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%. As a group, analysts expect that Zillow Group, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Z has been the topic of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. JPMorgan Chase & Co. cut their price target on Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Wall Street Zen raised Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, UBS Group cut their price target on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $77.00.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Zillow Group during the fourth quarter worth $28,000. Flagship Harbor Advisors LLC bought a new position in shares of Zillow Group during the fourth quarter worth about $43,000. Leonteq Securities AG raised its holdings 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 worth $56,000 after purchasing an additional 1,160 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Zillow Group by 283.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,045 shares during the period. Finally, Clearstead Advisors LLC lifted its stake in shares of Zillow Group by 4,119.0% in the 3rd quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 865 shares during the period. Institutional investors own 71.01% of the company’s stock.

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.