Zillow Group (NASDAQ:Z) General Counsel Bradley Owens Sells 3,364 Shares

Zillow Group, Inc. (NASDAQ:Z) General Counsel Bradley Owens sold 3,364 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $37.23, for a total value of $125,241.72. Following the sale, the general counsel directly owned 65,245 shares in the company, valued at approximately $2,429,071.35. The trade was a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Stock Up 0.8%

Z opened at $37.66 on Friday. The firm has a market cap of $8.62 billion, a P/E ratio of 150.64, a PEG ratio of 1.75 and a beta of 2.07. Zillow Group, Inc. has a 52 week low of $36.76 and a 52 week high of $93.88. The business’s fifty day simple moving average is $42.97 and its 200 day simple moving average is $57.26.

Zillow Group (NASDAQ:Z) last posted 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. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.10 million. As a group, equities analysts expect that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.

Analyst Ratings Changes

Z has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, May 7th. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. decreased 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $79.75.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently modified their holdings of the company. Pittenger & Anderson Inc. lifted its stake in shares of 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 in the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Zillow Group by 0.3% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 48,575 shares of the financial services provider’s stock valued at $3,743,000 after purchasing an additional 144 shares in the last quarter. Cullen Frost Bankers Inc. lifted 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 valued at $34,000 after purchasing an additional 163 shares in the last quarter. Doliver Advisors LP lifted its stake in shares of Zillow Group by 1.8% in the 4th quarter. Doliver Advisors LP now owns 9,687 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 171 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Zillow Group by 4.7% in the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 171 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group News Roundup

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

• Positive Sentiment: Zillow published new survey data supporting its marketplace strategy, showing most soon-to-be sellers prefer broad public exposure over private listing networks. The findings reinforce Zillow’s argument that full-market visibility and real-time demand signals help sellers achieve better outcomes. Article Title
• Neutral Sentiment: Zillow CEO Jeremy Wacksman was featured in an interview about the company’s evolution from a desktop-only search engine into a major real-estate app. The article is more of a branding/strategy profile than a near-term financial catalyst. Article Title
• Negative Sentiment: General Counsel Bradley D. Owens sold shares on May 14 and May 15, though the trades were made under a pre-arranged Rule 10b5-1 plan and were tied to tax withholding from vesting equity awards. Insider sales can still weigh on sentiment when the stock is already under legal scrutiny.
• Negative Sentiment: Several plaintiff-side law firms announced investigations into Zillow, increasing the risk of distraction, legal costs, and possible headline pressure on the shares. Article Title

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.