Key Points
- Director Erik Blachford sold 965 shares on Dec. 3 at an average price of $72.51, reducing his holding by 2.8% to 33,543 shares valued at roughly $2.43 million.
- In the latest quarter Zillow reported $0.44 EPS, missing consensus by $0.02 while revenue of $729 million beat estimates, though the company still shows a negative net margin and negative return on equity.
- Market sentiment is broadly favorable: the consensus rating is a "Moderate Buy" with an average target of $91.14, and institutions own about 71% of the stock with large stakes added by firms like Vanguard and Scge Management.
Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director Thielke Claire Cormier sold 241 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total value of $17,474.91. Following the transaction, the director owned 242 shares in the company, valued at approximately $17,547.42. This trade represents a 49.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Zillow Group Trading Up 0.0%
Shares of NASDAQ:Z traded up $0.01 on Friday, reaching $75.53. 248,227 shares of the company's stock were exchanged, compared to its average volume of 2,709,833. Zillow Group, Inc. has a twelve month low of $57.51 and a twelve month high of $93.88. The company has a fifty day moving average of $73.42 and a 200-day moving average of $76.01. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of -539.43, a PEG ratio of 29.89 and a beta of 2.10.
Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The company had revenue of $729.00 million during the quarter, compared to the consensus estimate of $670.28 million. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.
Institutional Investors Weigh In On Zillow Group
Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in Zillow Group during the 3rd quarter worth approximately $27,000. Pilgrim Partners Asia Pte Ltd bought a new position in Zillow Group during the 3rd quarter worth $29,000. TD Private Client Wealth LLC grew its position in shares of Zillow Group by 352.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider's stock valued at $32,000 after buying an additional 352 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Zillow Group by 58.6% in the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider's stock valued at $34,000 after buying an additional 163 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in shares of Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider's stock worth $35,000 after acquiring an additional 185 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have commented on the stock. Gordon Haskett upgraded shares of Zillow Group to a "strong-buy" rating in a research report on Friday, October 3rd. Mizuho raised Zillow Group to a "strong-buy" rating in a research note on Monday, September 29th. JPMorgan Chase & Co. boosted their target price on Zillow Group from $94.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, October 31st. Oppenheimer started coverage on shares of Zillow Group in a report on Monday, October 6th. They issued a "market perform" rating for the company. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Zillow Group in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.14.
Get Our Latest Analysis on Zillow Group
About Zillow Group
(
Get Free Report)
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
