Key Points
- Director Erik Blachford sold 792 Zillow shares for approximately $28,282 at an average price of $35.71, reducing his ownership by 2.27% to 34,160 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Zillow reported quarterly earnings of $0.52 per share, beating estimates of $0.45, while revenue of $772 million also exceeded expectations. The stock opened at $34.59, with a market capitalization of about $7.78 billion.
- Analyst sentiment remains mixed: several firms downgraded Zillow to “Hold” or reduced price targets, although the overall consensus is “Moderate Buy” with an average price target of $66.75.
Zillow Group, Inc. (NASDAQ:Z - Get Free Report) Director Erik Blachford sold 792 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total value of $28,282.32. Following the sale, the director owned 34,160 shares of the company's stock, valued at $1,219,853.60. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zillow Group Stock Performance
NASDAQ:Z opened at $34.59 on Friday. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 157.23, a price-to-earnings-growth ratio of 1.54 and a beta of 2.00. Zillow Group, Inc. has a one year low of $29.23 and a one year high of $93.88. The business's 50-day simple moving average is $33.83 and its 200 day simple moving average is $38.07.
Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The firm had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.10 million. On average, equities research analysts predict that Zillow Group, Inc. will post 0.89 EPS for the current year.
Analysts Set New Price Targets
Several research firms recently issued reports on Z. Sanford C. Bernstein cut shares of Zillow Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Zillow Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Deutsche Bank Aktiengesellschaft decreased their price target 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. Finally, Zacks Research lowered Zillow Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and an average price target of $66.75.
Check Out Our Latest Stock Analysis on Zillow Group
Hedge Funds Weigh In On Zillow Group
Hedge funds have recently added to or reduced their stakes in the business. Leonteq Securities AG raised its holdings in shares of Zillow Group by 627.0% during the first quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,160 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Zillow Group by 283.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider's stock valued at $59,000 after buying an additional 1,045 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new position in Zillow Group in the fourth quarter worth about $68,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Zillow Group in the fourth quarter valued at approximately $71,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Zillow Group by 34.5% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider's stock worth $80,000 after purchasing an additional 300 shares during the period. 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.
Further Reading
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