Zillow Group (NASDAQ:Z) COO Jun Choo Sells 2,061 Shares

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 2,061 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $44.23, for a total value of $91,158.03. Following the completion of the sale, the chief operating officer directly owned 108,927 shares of the company’s stock, valued at approximately $4,817,841.21. This trade represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Zillow Group Trading Down 0.8%

Shares of Zillow Group stock opened at $43.45 on Friday. The company has a market capitalization of $10.52 billion, a P/E ratio of 482.83, a price-to-earnings-growth ratio of 3.25 and a beta of 2.08. The stock has a fifty day simple moving average of $65.62 and a 200 day simple moving average of $73.90. Zillow Group, Inc. has a 12-month low of $42.50 and a 12-month high of $93.88.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. On average, analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on Z shares. Keefe, Bruyette & Woods dropped their price target on Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Zillow Group presently has an average rating of “Hold” and an average price target of $90.60.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in Zillow Group in the third quarter worth about $27,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group in the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. grew its stake in shares of Zillow Group by 58.6% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after buying an additional 163 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after buying an additional 185 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group News Roundup

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zelman & Associates upgraded Zillow from “hold” to “strong-buy,” giving the stock a near-term bullish analyst catalyst. Zacks Zelman Upgrade
• Positive Sentiment: Some investors/analysts view the pullback as a buying opportunity — a Seeking Alpha piece argues AI competition is not an existential threat and recommends buying the plunge, which could support bargain-hunters. Seeking Alpha: Buy The Plunge
• Neutral Sentiment: Q4 revenue of about $654M slightly topped Wall Street’s estimate, a mild positive for top-line momentum but not enough to offset the EPS miss. Benzinga: Earnings Recap
• Negative Sentiment: Zillow missed on adjusted EPS ($0.39 vs. $0.42 expected), which is the primary driver cited for the recent selloff and the weekly/near-term price weakness. Benzinga: Earnings Miss
• Negative Sentiment: The stock has hit a new 52‑week / 12‑month low, reflecting investor concern and technical weakness that can prompt further selling. Investing.com: 52-Week Low
• Negative Sentiment: Multiple insiders — including the general counsel, CTO, COO and CAO — sold shares in mid‑February, which may be interpreted negatively by the market even if the trades are routine. (SEC filings disclose the trades.) SEC Form 4 Insider Sales
• Negative Sentiment: Ongoing litigation and related disclosures remain a drag on sentiment and are cited in coverage as an additional headwind for the stock. MSN: Litigation Pressure
• Negative Sentiment: Broader analyst and media coverage highlights the projected earnings shortfall as the catalyst for the sharp weekly decline, reinforcing negative sentiment. The Motley Fool: Why Stock Dropped

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.