Key Points
- Errol Samuelson, a Zillow insider, sold 7,015 shares on Feb. 12 at an average price of $44.21 for proceeds of $310,133.15, trimming his stake by 5.81% to 113,800 shares (about $5.03M).
- Q4 earnings missed expectations (adjusted EPS $0.39 vs. $0.42), a catalyst for the stock's recent drop to a new 12‑month low and increased negative sentiment.
- Analyst views are mixed — the consensus rating is "Hold" with an average price target of $90.60 — and institutional investors own roughly 71% of the company.
Zillow Group, Inc. (NASDAQ:Z - Get Free Report) General Counsel Bradley Owens sold 2,017 shares of Zillow Group stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $44.20, for a total value of $89,151.40. Following the transaction, the general counsel owned 35,957 shares in the company, valued at $1,589,299.40. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Zillow Group Trading Down 0.8%
Z opened at $43.45 on Friday. The stock has a market capitalization of $10.52 billion, a P/E ratio of 482.83, a P/E/G ratio of 3.25 and a beta of 2.08. The firm's fifty day simple moving average is $65.62 and its 200 day simple moving average is $73.90. Zillow Group, Inc. has a 12 month low of $42.50 and a 12 month high of $93.88.
Zillow Group (NASDAQ:Z - Get Free Report) last released its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.03). The company had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.
Key Zillow Group News
Here are the key news stories impacting Zillow Group this week:
- Positive Sentiment: Zelman & Associates upgraded Zillow from "hold" to "strong-buy," giving the stock a near-term bullish analyst catalyst. Zacks Zelman Upgrade
- Positive Sentiment: Some investors/analysts view the pullback as a buying opportunity — a Seeking Alpha piece argues AI competition is not an existential threat and recommends buying the plunge, which could support bargain-hunters. Seeking Alpha: Buy The Plunge
- Neutral Sentiment: Q4 revenue of about $654M slightly topped Wall Street's estimate, a mild positive for top-line momentum but not enough to offset the EPS miss. Benzinga: Earnings Recap
- Negative Sentiment: Zillow missed on adjusted EPS ($0.39 vs. $0.42 expected), which is the primary driver cited for the recent selloff and the weekly/near-term price weakness. Benzinga: Earnings Miss
- Negative Sentiment: The stock has hit a new 52‑week / 12‑month low, reflecting investor concern and technical weakness that can prompt further selling. Investing.com: 52-Week Low
- Negative Sentiment: Multiple insiders — including the general counsel, CTO, COO and CAO — sold shares in mid‑February, which may be interpreted negatively by the market even if the trades are routine. (SEC filings disclose the trades.) SEC Form 4 Insider Sales
- Negative Sentiment: Ongoing litigation and related disclosures remain a drag on sentiment and are cited in coverage as an additional headwind for the stock. MSN: Litigation Pressure
- Negative Sentiment: Broader analyst and media coverage highlights the projected earnings shortfall as the catalyst for the sharp weekly decline, reinforcing negative sentiment. The Motley Fool: Why Stock Dropped
Analysts Set New Price Targets
A number of brokerages have recently weighed in on Z. Weiss Ratings reiterated a "sell (d-)" rating on shares of Zillow Group in a research note on Wednesday, January 21st. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an "overweight" rating in a report on Friday, October 31st. Barclays raised shares of Zillow Group from a "strong sell" rating to a "hold" rating in a report on Thursday, January 29th. Finally, Mizuho downgraded Zillow Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $90.60.
Check Out Our Latest Report on Zillow Group
Hedge Funds Weigh In On Zillow Group
A number of hedge funds have recently modified their holdings of the business. Rakuten Investment Management Inc. acquired a new stake in Zillow Group during the 3rd quarter valued at approximately $2,919,000. Y Intercept Hong Kong Ltd raised its stake in Zillow Group by 63.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider's stock worth $6,565,000 after buying an additional 32,975 shares during the period. WT Wealth Management bought a new position in shares of Zillow Group in the 3rd quarter worth $1,458,000. Assenagon Asset Management S.A. increased its position in shares of Zillow Group by 353.9% during the third quarter. Assenagon Asset Management S.A. now owns 143,212 shares of the financial services provider's stock worth $11,034,000 after acquiring an additional 111,664 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new position in shares of Zillow Group in the third quarter valued at approximately $2,204,000. Institutional investors and hedge funds own 71.01% of the company's stock.
About Zillow Group
(
Get Free Report)
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.
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