Key Points
- Zillow CEO Jeremy Wacksman sold 9,072 shares on May 22 at an average price of $36.54, totaling about $331,491. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Wacksman still owned 153,699 shares valued at roughly $5.62 million, reflecting a 5.57% decrease in his position. He also sold 6,051 shares earlier in the month on May 14.
- Zillow recently beat quarterly EPS estimates, reporting $0.53 per share versus the expected $0.43, while revenue came in slightly above forecasts at $708 million. Analysts currently rate the stock a Moderate Buy with an average target price of $77.00.
Zillow Group, Inc. (NASDAQ:Z - Get Free Report) CEO Jeremy Wacksman sold 9,072 shares of Zillow Group stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.54, for a total value of $331,490.88. Following the sale, the chief executive officer directly owned 153,699 shares of the company's stock, valued at approximately $5,616,161.46. This represents a 5.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Wacksman also recently made the following trade(s):
- On Thursday, May 14th, Jeremy Wacksman sold 6,051 shares of Zillow Group stock. The stock was sold at an average price of $37.92, for a total value of $229,453.92.
Zillow Group Stock Performance
Shares of Z opened at $35.74 on Wednesday. The stock has a 50-day moving average of $41.85 and a two-hundred day moving average of $55.29. Zillow Group, Inc. has a one year low of $34.70 and a one year high of $93.88. The stock has a market cap of $8.18 billion, a P/E ratio of 142.96, a P/E/G ratio of 1.55 and a beta of 2.07.
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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $705.10 million. Analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current fiscal year.
Hedge Funds Weigh In On Zillow Group
Several institutional investors and hedge funds have recently modified their holdings of Z. Empowered Funds LLC increased its stake in shares of Zillow Group by 4.7% in 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. Intech Investment Management LLC increased its stake in shares of Zillow Group by 21.7% in the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider's stock valued at $1,407,000 after purchasing an additional 3,653 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Zillow Group by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 23,064 shares of the financial services provider's stock valued at $1,616,000 after purchasing an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Zillow Group by 186.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,678 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 1,092 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Zillow Group by 1,895.4% in the 2nd quarter. First Trust Advisors LP now owns 128,362 shares of the financial services provider's stock valued at $8,992,000 after purchasing an additional 121,929 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Zacks Research raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Zillow Group from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their price objective on Zillow Group from $84.00 to $76.00 and set an "overweight" rating for the company in a research note on Thursday, May 7th. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Thursday, May 7th. Finally, Barclays upgraded Zillow Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $77.00.
Check Out Our Latest Report on Z
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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