Insider Selling: Zillow Group (NASDAQ:Z) Insider Sells $107,992.96 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Errol Samuelson sold 3,154 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.24, for a total value of $107,992.96. Following the sale, the insider owned 130,885 shares of the company’s stock, valued at approximately $4,481,502.40. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Stock Up 5.8%

NASDAQ:Z opened at $36.58 on Thursday. Zillow Group, Inc. has a twelve month low of $29.23 and a twelve month high of $93.88. The stock’s 50-day simple moving average is $32.92 and its 200 day simple moving average is $39.52. The firm has a market capitalization of $8.23 billion, a PE ratio of 166.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. The firm had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. On average, analysts anticipate that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada lowered their price objective on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Keefe, Bruyette & Woods decreased their target price on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Finally, Jefferies Financial Group dropped their price target on Zillow Group from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.75.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. bought a new position in shares of Zillow Group during the fourth quarter valued at $68,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Zillow Group in the fourth quarter worth $71,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Zillow Group by 34.5% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 300 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Zillow Group in the third quarter valued at $99,000. Finally, Leonteq Securities AG increased its holdings in Zillow Group by 627.0% in the first quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,160 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.