Zillow Group (NASDAQ:Z) COO Jun Choo Sells 2,061 Shares

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 2,061 shares of Zillow Group stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.23, for a total value of $91,158.03. Following the completion of the sale, the chief operating officer owned 108,927 shares in the company, valued at approximately $4,817,841.21. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Zillow Group Price Performance

NASDAQ Z traded down $0.37 during mid-day trading on Friday, hitting $43.45. The stock had a trading volume of 10,820,683 shares, compared to its average volume of 4,433,736. The firm’s 50 day moving average is $66.23 and its 200 day moving average is $74.16. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 482.83, a PEG ratio of 2.65 and a beta of 2.08. Zillow Group, Inc. has a twelve month low of $42.50 and a twelve month high of $93.88.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Mizuho lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. raised their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zillow Group currently has an average rating of “Hold” and a consensus target price of $90.60.

More Zillow Group News

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zelman & Associates upgraded Zillow from “hold” to “strong-buy,” giving the stock a near-term bullish analyst catalyst. Zacks Zelman Upgrade
• Positive Sentiment: Some investors/analysts view the pullback as a buying opportunity — a Seeking Alpha piece argues AI competition is not an existential threat and recommends buying the plunge, which could support bargain-hunters. Seeking Alpha: Buy The Plunge
• Neutral Sentiment: Q4 revenue of about $654M slightly topped Wall Street’s estimate, a mild positive for top-line momentum but not enough to offset the EPS miss. Benzinga: Earnings Recap
• Negative Sentiment: Zillow missed on adjusted EPS ($0.39 vs. $0.42 expected), which is the primary driver cited for the recent selloff and the weekly/near-term price weakness. Benzinga: Earnings Miss
• Negative Sentiment: The stock has hit a new 52‑week / 12‑month low, reflecting investor concern and technical weakness that can prompt further selling. Investing.com: 52-Week Low
• Negative Sentiment: Multiple insiders — including the general counsel, CTO, COO and CAO — sold shares in mid‑February, which may be interpreted negatively by the market even if the trades are routine. (SEC filings disclose the trades.) SEC Form 4 Insider Sales
• Negative Sentiment: Ongoing litigation and related disclosures remain a drag on sentiment and are cited in coverage as an additional headwind for the stock. MSN: Litigation Pressure
• Negative Sentiment: Broader analyst and media coverage highlights the projected earnings shortfall as the catalyst for the sharp weekly decline, reinforcing negative sentiment. The Motley Fool: Why Stock Dropped

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rakuten Investment Management Inc. acquired a new position in Zillow Group during the third quarter worth about $2,919,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Zillow Group by 63.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider’s stock worth $6,565,000 after acquiring an additional 32,975 shares during the last quarter. WT Wealth Management acquired a new stake in shares of Zillow Group during the third quarter valued at $1,458,000. Assenagon Asset Management S.A. increased its position in Zillow Group by 353.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 143,212 shares of the financial services provider’s stock worth $11,034,000 after purchasing an additional 111,664 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in Zillow Group in the 3rd quarter valued at about $2,204,000. 71.01% of the stock is currently owned by hedge funds and other 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.