Key Points
- Zillow CFO Jeremy Hofmann sold 5,501 shares on May 18 at an average price of $37.40, for a total of about $205,737. The sale was made under a pre-arranged 10b5-1 plan and was tied to tax withholding on vesting equity awards.
- The insider sale reduced Hofmann’s ownership by 7.45%, leaving him with 68,315 shares valued at roughly $2.55 million. The article also notes he previously sold additional Zillow shares in February and earlier in May.
- Zillow recently beat earnings expectations, reporting $0.53 EPS versus $0.43 expected on revenue of $708 million. However, the stock was trading near its 52-week low, and the company faces potential risks from listing-data disruptions and an antitrust trial.
Zillow Group, Inc. (NASDAQ:Z - Get Free Report) insider Dan Spaulding sold 2,056 shares of Zillow Group stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $37.93, for a total value of $77,984.08. Following the completion of the transaction, the insider directly owned 52,774 shares in the company, valued at approximately $2,001,717.82. This represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.
Dan Spaulding also recently made the following trade(s):
- On Monday, May 18th, Dan Spaulding sold 3,078 shares of Zillow Group stock. The stock was sold at an average price of $37.40, for a total value of $115,117.20.
- On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The stock was sold at an average price of $43.95, for a total value of $235,615.95.
Zillow Group Stock Down 1.3%
Shares of NASDAQ Z opened at $37.17 on Tuesday. The business's 50 day moving average is $42.79 and its two-hundred day moving average is $56.85. The company has a market cap of $8.50 billion, a P/E ratio of 148.68, a P/E/G 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.
Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. The company had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. Sell-side analysts expect that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.
Key Headlines Impacting Zillow Group
Here are the key news stories impacting Zillow Group this week:
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on Z shares. Weiss Ratings raised Zillow Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, May 7th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Wednesday, February 11th. Wall Street Zen raised Zillow Group from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Zacks Research raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Zillow Group from $84.00 to $76.00 and set an "overweight" rating on the stock in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $79.75.
Read Our Latest Stock Report on Zillow Group
Institutional Trading of Zillow Group
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Zillow Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider's stock valued at $1,777,841,000 after buying an additional 71,336 shares in the last quarter. Independent Franchise Partners LLP boosted its stake in Zillow Group by 0.9% in the 4th quarter. Independent Franchise Partners LLP now owns 10,953,405 shares of the financial services provider's stock valued at $747,241,000 after buying an additional 94,569 shares in the last quarter. Capital World Investors boosted its stake in Zillow Group by 1.8% in the 4th quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider's stock valued at $738,554,000 after buying an additional 191,058 shares in the last quarter. Tiger Global Management LLC boosted its stake in Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider's stock valued at $304,927,000 after buying an additional 1,312,000 shares in the last quarter. Finally, State Street Corp boosted its stake in Zillow Group by 3.9% in the 4th quarter. State Street Corp now owns 3,838,788 shares of the financial services provider's stock valued at $261,882,000 after buying an additional 143,726 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.
Zillow Group Company Profile
(
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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