Key Points
- Insider sale: Zillow insider Errol Samuelson sold 2,939 shares on May 14 for about $111,593.83 at an average price of $37.97. The filing said the sale was to cover tax withholding obligations tied to vesting equity awards.
- Recent earnings beat: Zillow reported quarterly earnings of $0.53 per share, topping Wall Street’s estimate of $0.43. Revenue also slightly beat expectations at $708 million versus $705.1 million expected.
- Mixed backdrop for the stock: Zillow shares were up 0.8% to around $37.66, but the stock remains well below its 50-day and 200-day moving averages and near its 12-month low. Analyst sentiment is mixed, with a consensus rating of Moderate Buy and a price target of $79.75.
Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CAO Jennifer Rock sold 1,034 shares of Zillow Group stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $37.99, for a total value of $39,281.66. Following the sale, the chief accounting officer owned 59,742 shares of the company's stock, valued at approximately $2,269,598.58. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Zillow Group Trading Up 0.8%
NASDAQ:Z opened at $37.66 on Friday. Zillow Group, Inc. has a twelve month low of $36.76 and a twelve month high of $93.88. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 150.64, a price-to-earnings-growth ratio of 1.75 and a beta of 2.07. The stock has a fifty day simple moving average of $42.97 and a 200-day simple moving average of $57.26.
Zillow Group (NASDAQ:Z - Get Free Report) 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 return on equity of 1.41% and a net margin of 2.27%.The company had revenue of $708.00 million for the quarter, compared to analysts' expectations of $705.10 million. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.
Zillow Group News Summary
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
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Pittenger & Anderson Inc. increased its stake in Zillow Group by 32.8% during 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 increased its stake in Zillow Group by 0.3% during 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. increased its stake in Zillow Group by 58.6% during 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 increased its stake in Zillow Group by 1.8% during 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 increased its stake in Zillow Group by 4.7% during 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. Institutional investors and hedge funds own 71.01% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 11th. Zelman & Associates raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 12th. Wall Street Zen raised Zillow Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Zillow Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, May 7th. Three 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.75.
Get Our Latest Stock Analysis on Zillow Group
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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