Key Points
- Zillow Group director Claire Cormier Thielke sold 1,187 shares at an average price of $33.09, totaling $39,277.83. The pre-arranged Rule 10b5-1 transaction reduced her ownership by about 25% to 3,562 shares.
- Zillow reported quarterly EPS of $0.52, exceeding the $0.45 analyst consensus, while revenue of $772 million also topped estimates. The stock opened at $33.26 and remains well below its 52-week high of $93.88.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $66.75, although several firms recently lowered their targets or downgraded the shares. Institutional investors and hedge funds own approximately 71.01% of Zillow’s stock.
Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director Thielke Claire Cormier sold 1,187 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $33.09, for a total transaction of $39,277.83. Following the completion of the transaction, the director owned 3,562 shares of the company's stock, valued at approximately $117,866.58. This trade represents a 24.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zillow Group Stock Performance
Z stock opened at $33.26 on Thursday. The company has a fifty day moving average price of $32.91 and a 200-day moving average price of $40.66. The company has a market capitalization of $7.61 billion, a P/E ratio of 151.19, a PEG ratio of 1.46 and a beta of 1.98. Zillow Group, Inc. has a 52-week low of $29.23 and a 52-week high of $93.88.
Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The company had revenue of $772.00 million for the quarter, compared to analyst estimates of $758.10 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reduced their price target on Zillow Group from $37.00 to $34.00 and set a "market perform" rating on the stock in a research report on Friday, August 7th. UBS Group lowered their price objective on Zillow Group from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, April 28th. Royal Bank Of Canada cut their price objective on Zillow Group from $95.00 to $70.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reduced their target price on Zillow Group from $80.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Finally, Evercore downgraded shares of Zillow Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and an average target price of $66.75.
Check Out Our Latest Stock Analysis on Zillow Group
Hedge Funds Weigh In On Zillow Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in Zillow Group by 106.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 41,519 shares of the financial services provider's stock worth $1,718,000 after buying an additional 21,439 shares during the period. Tiger Global Management LLC grew its stake in Zillow Group by 21.7% in the first quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider's stock valued at $304,927,000 after acquiring an additional 1,312,000 shares during the period. Baillie Gifford & Co. grew its stake in Zillow Group by 11.4% in the fourth quarter. Baillie Gifford & Co. now owns 739,270 shares of the financial services provider's stock valued at $50,433,000 after acquiring an additional 75,682 shares during the period. IFP Advisors Inc grew its stake in Zillow Group by 17,458.4% in the fourth quarter. IFP Advisors Inc now owns 73,921 shares of the financial services provider's stock valued at $5,043,000 after acquiring an additional 73,500 shares during the period. Finally, Emmett Investment Management LP increased its holdings in shares of Zillow Group by 353.9% during the first quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider's stock valued at $3,897,000 after acquiring an additional 75,036 shares in the last quarter. 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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