Zillow Group (NASDAQ:Z) Director Thielke Claire Cormier Sells 1,187 Shares

Zillow Group, Inc. (NASDAQ:Z) Director Claire Cormier Thielke sold 1,187 shares of Zillow Group stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total value of $42,387.77. Following the completion of the transaction, the director owned 2,375 shares of the company’s stock, valued at approximately $84,811.25. The trade was a 33.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Cormier Thielke sold 1,187 shares of Zillow Group stock. The stock was sold at an average price of $33.09, for a total value of $39,277.83.

Zillow Group Stock Down 2.1%

Z stock traded down $0.75 during mid-day trading on Friday, reaching $34.59. The company had a trading volume of 3,514,429 shares, compared to its average volume of 4,139,800. The stock has a market capitalization of $7.78 billion, a P/E ratio of 157.23, a P/E/G ratio of 1.51 and a beta of 2.00. Zillow Group, Inc. has a one year low of $29.23 and a one year high of $93.88. The stock’s 50-day simple moving average is $33.76 and its two-hundred day simple moving average is $38.10.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The firm had revenue of $772.00 million during the quarter, compared to analysts’ expectations of $758.10 million. On average, research analysts forecast that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, August 7th. Evercore cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Zillow Group in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group decreased their price target on shares of Zillow Group from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.75.

Institutional Investors Weigh In On Zillow Group

Large investors have recently made changes to their positions in the company. Corient Private Wealth LP lifted its stake in Zillow Group by 229.9% in the 2nd quarter. Corient Private Wealth LP now owns 17,090 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 11,909 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Zillow Group in the 2nd quarter valued at about $325,000. California State Teachers Retirement System increased its holdings in shares of Zillow Group by 1,877.4% in the 2nd quarter. California State Teachers Retirement System now owns 5,533,431 shares of the financial services provider’s stock valued at $175,553,000 after purchasing an additional 5,253,603 shares during the period. Wedmont Private Capital lifted its position in shares of Zillow Group by 24.3% in the second quarter. Wedmont Private Capital now owns 6,296 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 1,231 shares in the last quarter. Finally, denkapparat Operations GmbH purchased a new stake in shares of Zillow Group in the second quarter worth approximately $541,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Company Profile

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.