Zillow Group (NASDAQ:Z) Insider Sells $172,385.19 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 3,901 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $44.19, for a total transaction of $172,385.19. Following the completion of the sale, the insider owned 46,441 shares in the company, valued at $2,052,227.79. This represents a 7.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Dan Spaulding also recently made the following trade(s):

• On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The stock was sold at an average price of $43.95, for a total transaction of $235,615.95.

Zillow Group Stock Up 1.3%

Shares of Z stock opened at $45.55 on Friday. The company has a market capitalization of $11.03 billion, a P/E ratio of 506.17, a P/E/G ratio of 2.52 and a beta of 2.08. Zillow Group, Inc. has a 12-month low of $42.50 and a 12-month high of $93.88. The firm has a 50-day moving average price of $63.21 and a 200 day moving average price of $72.92.

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

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in shares of Zillow Group during the 3rd quarter valued at $27,000. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the 4th quarter worth $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group during the third quarter worth $29,000. Cullen Frost Bankers Inc. grew its stake in shares of Zillow Group by 58.6% during the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 163 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Zillow Group by 58.2% in the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on Z. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Barclays upgraded shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. boosted their target price on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $90.60.

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.