Key Points
- Zillow Group director Erik Blachford sold 792 shares at an average price of $35.71, totaling $28,282.32, under a pre-arranged Rule 10b5-1 trading plan. He retained 34,160 shares after the transaction.
- Zillow’s latest quarterly results exceeded expectations, with earnings of $0.52 per share versus the $0.44 consensus estimate and revenue of $772 million, up 17.9% year over year.
- Analyst sentiment remains mixed: Zillow has a consensus “Hold” rating and an average price target of $53.14, while shares recently traded near $35.32 and institutional investors owned 20.32% of the company.
Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) Director Erik Blachford sold 792 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total value of $28,282.32. Following the transaction, the director owned 34,160 shares in the company, valued at $1,219,853.60. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Zillow Group Stock Performance
Shares of Zillow Group stock opened at $35.32 on Friday. The firm has a 50-day moving average of $34.15 and a 200-day moving average of $38.25. Zillow Group, Inc. has a 52-week low of $29.03 and a 52-week high of $90.22. The stock has a market cap of $7.94 billion, a PE ratio of 160.55, a PEG ratio of 1.57 and a beta of 1.97.
Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The business had revenue of $772.00 million during the quarter, compared to analysts' expectations of $758.25 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business's revenue was up 17.9% on a year-over-year basis. Equities research analysts predict that Zillow Group, Inc. will post 0.89 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Zillow Group
A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in shares of Zillow Group by 10.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the technology company's stock worth $147,000 after purchasing an additional 198 shares during the last quarter. Lido Advisors LLC raised its position in Zillow Group by 0.4% during the 4th quarter. Lido Advisors LLC now owns 50,846 shares of the technology company's stock worth $3,627,000 after purchasing an additional 215 shares during the last quarter. Royal London Asset Management Ltd. raised its position in Zillow Group by 1.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 18,217 shares of the technology company's stock worth $1,248,000 after purchasing an additional 247 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Zillow Group by 8.5% during the 3rd quarter. Mackenzie Financial Corp now owns 3,301 shares of the technology company's stock worth $246,000 after buying an additional 258 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Zillow Group by 9.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,147 shares of the technology company's stock valued at $216,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on ZG shares. Royal Bank Of Canada decreased their target price on shares of Zillow Group from $70.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. BTIG Research reiterated a "neutral" rating on shares of Zillow Group in a research report on Thursday, June 11th. Weiss Ratings reissued a "sell (d)" rating on shares of Zillow Group in a research note on Wednesday, August 19th. Piper Sandler lowered their price objective on shares of Zillow Group from $55.00 to $46.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Finally, Sanford C. Bernstein downgraded Zillow Group from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $50.00 to $38.00 in a report on Thursday, August 6th. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of "Hold" and a consensus target price of $53.14.
View Our Latest Stock Report on Zillow Group
Zillow Group Company Profile
(
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.
Further Reading
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