Dan Spaulding Sells 1,966 Shares of Zillow Group (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 1,966 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $34.24, for a total transaction of $67,315.84. Following the sale, the insider owned 47,730 shares in the company, valued at $1,634,275.20. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dan Spaulding also recently made the following trade(s):

• On Friday, August 14th, Dan Spaulding sold 3,169 shares of Zillow Group stock. The stock was sold at an average price of $35.37, for a total value of $112,087.53.

Zillow Group Stock Performance

Z stock traded down $1.06 during midday trading on Monday, reaching $33.72. 5,034,691 shares of the company traded hands, compared to its average volume of 4,238,369. Zillow Group, Inc. has a 52-week low of $29.23 and a 52-week high of $93.88. The business has a 50 day moving average of $32.91 and a 200-day moving average of $40.19. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 153.28, a P/E/G ratio of 1.51 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The business had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. Research analysts anticipate that Zillow Group, Inc. will post 0.89 earnings per share for the current year.

Institutional Trading of Zillow Group

A number of large investors have recently made changes to their positions in Z. Empowered Funds LLC lifted its holdings in Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after buying an additional 171 shares in the last quarter. Intech Investment Management LLC grew its stake in Zillow Group by 21.7% in the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock worth $1,407,000 after acquiring an additional 3,653 shares in the last quarter. American Century Companies Inc. increased its position in shares of Zillow Group by 1.6% during the second quarter. American Century Companies Inc. now owns 23,064 shares of the financial services provider’s stock worth $1,616,000 after acquiring an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Zillow Group by 186.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,678 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,092 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Zillow Group by 1,895.4% during the second quarter. First Trust Advisors LP now owns 128,362 shares of the financial services provider’s stock valued at $8,992,000 after acquiring an additional 121,929 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Z has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Sanford C. Bernstein cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Morgan Stanley set a $60.00 price target on shares of Zillow Group in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.75.

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.