Insider Selling: Zillow Group (NASDAQ:Z) CEO Sells 4,729 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 4,729 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $44.20, for a total value of $209,021.80. Following the transaction, the chief executive officer directly owned 129,983 shares of the company’s stock, valued at $5,745,248.60. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jeremy Wacksman also recently made the following trade(s):

• On Tuesday, February 17th, Jeremy Wacksman sold 13,661 shares of Zillow Group stock. The shares were sold at an average price of $44.25, for a total value of $604,499.25.

Zillow Group Stock Up 1.2%

NASDAQ Z traded up $0.52 during trading hours on Tuesday, hitting $43.97. The company had a trading volume of 6,240,041 shares, compared to its average volume of 4,490,185. The firm has a market cap of $10.64 billion, a P/E ratio of 488.61, a price-to-earnings-growth ratio of 3.23 and a beta of 2.08. Zillow Group, Inc. has a fifty-two week low of $42.50 and a fifty-two week high of $93.88. The business has a fifty day simple moving average of $65.03 and a 200-day simple moving average of $73.57.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. Equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in Zillow Group during the 3rd quarter worth about $27,000. V Square Quantitative Management LLC purchased a new position in shares of Zillow Group in the fourth quarter worth approximately $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group during the third quarter valued at approximately $29,000. Cullen Frost Bankers Inc. lifted its position in shares of Zillow Group by 58.6% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 163 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in Zillow Group by 58.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 185 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on Z. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods decreased their price target on Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, February 9th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Mizuho lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $90.60.

About Zillow Group

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.