Zillow Group (NASDAQ:ZG) CEO Jeremy Wacksman Sells 13,661 Shares

Zillow Group, Inc. (NASDAQ:ZG) CEO Jeremy Wacksman sold 13,661 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the transaction, the chief executive officer owned 116,322 shares in the company, valued at $5,147,248.50. This represents a 10.51% decrease in their position. The sale 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 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 Up 1.6%

Shares of Zillow Group stock opened at $43.99 on Wednesday. The business has a 50 day moving average of $63.70 and a 200 day moving average of $71.27. Zillow Group, Inc. has a 52 week low of $42.25 and a 52 week high of $90.22. The company has a market cap of $10.65 billion, a PE ratio of 488.83, a P/E/G ratio of 3.21 and a beta of 2.04.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZG has been the subject of several research reports. Sanford C. Bernstein decreased their target price on Zillow Group from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. KeyCorp decreased their price objective on Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Canaccord Genuity Group set a $72.00 price objective on Zillow Group in a research report on Wednesday, February 11th. Barclays reduced their target price on shares of Zillow Group from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Finally, Benchmark reissued a “buy” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Fourteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Zillow Group in the 2nd quarter worth about $159,770,000. M&T Bank Corp boosted its holdings in shares of Zillow Group by 38,344.0% during the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after acquiring an additional 1,600,097 shares during the last quarter. Tiger Global Management LLC grew its stake in shares of Zillow Group by 30.7% in the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock worth $69,849,000 after acquiring an additional 240,690 shares during the period. UBS Group AG raised its holdings in shares of Zillow Group by 44.5% during the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after purchasing an additional 313,643 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Zillow Group by 60.1% during the third quarter. Wellington Management Group LLP now owns 557,735 shares of the technology company’s stock valued at $41,518,000 after purchasing an additional 209,312 shares during the period. 20.32% of the stock is owned by institutional investors.

Zillow Group News Roundup

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

• Positive Sentiment: Senior insiders still retain meaningful stakes after the sales (CEO Jeremy Wacksman ~116k shares, CFO Jeremy Hofmann ~65k, director/insider Dan Spaulding ~41k), which supports continued alignment with shareholders. CEO Form 4
• Neutral Sentiment: All trades were disclosed in routine SEC Form 4 filings; there’s no company announcement tying the sales to corporate events or financial guidance changes. Insider Form 4
• Negative Sentiment: CEO Jeremy Wacksman sold a combined 18,390 shares across Feb. 12 and Feb. 17 at roughly $44.20 average, generating ~ $813.5k in proceeds and reducing his reported ownership (see filings). Executive-level selling at scale can be interpreted as a signal that weighs on sentiment. CEO Form 4
• Negative Sentiment: CFO Jeremy Hofmann sold 5,538 shares on Feb. 12 at an average of $44.22 (~$244.9k), trimming his stake by ~7.8% to ~65.3k shares — another senior-level sale that may pressure sentiment. CFO Form 4
• Negative Sentiment: Director/insider Dan Spaulding sold 9,262 shares across Feb. 12 and Feb. 17 at ~ $44.07 average (~$408.0k), reducing his holding to ~41.1k shares — further insider selling from the leadership team. Insider Form 4

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.