Zillow Group (NASDAQ:Z) COO Sells $46,602.60 in Stock

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 1,228 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $37.95, for a total transaction of $46,602.60. Following the completion of the sale, the chief operating officer owned 107,699 shares of the company’s stock, valued at $4,087,177.05. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $37.66 on Monday. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 150.64, a PEG ratio of 1.76 and a beta of 2.07. Zillow Group, Inc. has a 12 month low of $36.76 and a 12 month high of $93.88. The firm’s 50-day moving average is $42.97 and its 200 day moving average is $57.12.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The business had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.10 million. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.

Trending Headlines about Zillow Group

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

Analyst Ratings Changes

Z has been the subject of a number of recent analyst reports. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods cut their price target on shares of Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, May 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Three equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Zillow Group during the 3rd quarter worth $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Zillow Group in the 4th quarter worth $28,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group during the 3rd quarter worth $29,000. Cullen Frost Bankers Inc. grew its position in shares of Zillow Group by 58.6% during 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 in the last quarter. Finally, Pittenger & Anderson Inc. increased its stake in shares of Zillow Group by 32.8% during the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after buying an additional 135 shares during the period. Institutional investors own 71.01% of the company’s stock.

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.