Key Points
- Zillow insider Errol Samuelson sold 2,939 shares on May 14 at an average price of $37.97, for about $111,594. The company said the sale was to cover tax withholding tied to vesting equity awards.
- Zillow shares were trading near their 12-month low, opening at $38.06 and up 0.5% on the day, while still well below the 50-day and 200-day moving averages. The stock’s 12-month range is $37.26 to $90.22.
- Recent earnings topped expectations, with Zillow reporting Q1 EPS of $0.53 versus the $0.43 consensus and revenue of $708 million, up 18.4% year over year. Despite the beat, analysts’ average rating remains “Moderate Buy” with a consensus price target of $71.24.
Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) CAO Jennifer Rock sold 1,034 shares of Zillow Group stock in a transaction that occurred 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 transaction, the chief accounting officer owned 59,742 shares of the company's stock, valued at $2,269,598.58. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Zillow Group Price Performance
Shares of Zillow Group stock opened at $38.06 on Friday. Zillow Group, Inc. has a 1 year low of $37.26 and a 1 year high of $90.22. The company has a market capitalization of $8.71 billion, a P/E ratio of 152.24, a P/E/G ratio of 1.77 and a beta of 2.04. The business has a 50 day moving average price of $42.99 and a 200 day moving average price of $56.54.
Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The technology company 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 firm had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.17 million. During the same period in the previous year, the firm posted $0.41 EPS. The company's quarterly revenue was up 18.4% compared to the same quarter last year. As a group, research analysts expect that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arax Advisory Partners grew its stake in shares of Zillow Group by 402.3% during the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company's stock valued at $30,000 after buying an additional 354 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Zillow Group by 78.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company's stock valued at $33,000 after buying an additional 187 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of Zillow Group during the 4th quarter valued at $34,000. Fifth Third Bancorp grew its stake in shares of Zillow Group by 990.3% during the 1st quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company's stock valued at $42,000 after buying an additional 921 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Zillow Group during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 20.32% of the company's stock.
Analyst Ratings Changes
ZG has been the topic of several analyst reports. Susquehanna set a $50.00 price target on shares of Zillow Group in a research note on Thursday, February 12th. UBS Group decreased their price target on shares of Zillow Group from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Mizuho decreased their price target on shares of Zillow Group from $65.00 to $53.00 and set a "neutral" rating on the stock in a research note on Thursday, May 7th. Canaccord Genuity Group dropped their target price on Zillow Group from $72.00 to $52.00 and set a "hold" rating for the company in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group set a $53.00 price target on Zillow Group in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.24.
Get Our Latest Report on ZG
Key Stories Impacting Zillow Group
Here are the key news stories impacting Zillow Group this week:
- Positive Sentiment: Zillow highlighted survey results showing most prospective home sellers want broad public exposure rather than private listing networks. The company said 85% of soon-to-be sellers are more likely to hire an agent who can pre-market to the broadest online audience, reinforcing Zillow’s core pitch that open-market listings benefit sellers. Article Title
- Positive Sentiment: Zillow also emphasized its data showing sellers lose money in same-agent dual agency deals and off-MLS listings, a message that could support demand for Zillow’s public-listing ecosystem and advertising tools. Article Title
- Neutral Sentiment: JPMorgan/other analyst commentary pointed to a lower price target for Zillow Group, suggesting Wall Street expectations have softened and may be limiting upside sentiment. Article Title
- Negative Sentiment: Multiple Zillow insiders, including the CEO, COO, CTO, CAO, general counsel, and another executive, sold shares this week. The company said the sales were mainly to cover tax withholding tied to vesting equity awards and some were made under a 10b5-1 plan, but the cluster of insider selling can still create a bearish overhang for investors. Article Title
- Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims against Zillow, adding legal uncertainty that may be a headwind for the stock. Article Title
About Zillow Group
(
Get Free Report)
Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.
Zillow's core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.
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