Zillow Group (NASDAQ:Z) CEO Sells $604,499.25 in Stock

Zillow Group, Inc. (NASDAQ:Z) CEO Jeremy Wacksman sold 13,661 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the sale, the chief executive officer directly owned 116,322 shares of the company’s stock, valued at approximately $5,147,248.50. This trade represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, February 12th, Jeremy Wacksman sold 4,729 shares of Zillow Group stock. The stock was sold at an average price of $44.20, for a total value of $209,021.80.

Zillow Group Stock Performance

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

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The company had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on Z shares. Mizuho lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods decreased their target price on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, February 9th. JPMorgan Chase & Co. upped their price target on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note 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 issued a Sell rating to the company. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Hold” and an average price target of $90.60.

Institutional Trading of Zillow Group

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

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.