Zillow Group (NASDAQ:Z) Insider Sells $235,615.95 in Stock

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 5,361 shares of Zillow Group stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the sale, the insider owned 41,080 shares in the company, valued at $1,805,466. This represents a 11.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 12th, Dan Spaulding sold 3,901 shares of Zillow Group stock. The shares were sold at an average price of $44.19, for a total value of $172,385.19.

Zillow Group Trading Up 1.3%

Z stock opened at $45.55 on Friday. The firm has a 50 day simple moving average of $63.21 and a 200-day simple moving average of $72.92. The company has a market capitalization of $11.03 billion, a P/E ratio of 506.17, a PEG ratio of 2.52 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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. On average, research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Institutional Trading of Zillow Group

Hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in Zillow Group during the 3rd quarter valued at approximately $27,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group in the third quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in Zillow Group in the fourth quarter valued at $28,000. Cullen Frost Bankers Inc. boosted 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 valued at $34,000 after acquiring an additional 163 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in shares of Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on Z shares. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Mizuho lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Two equities research 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 given a Sell rating to the stock. According to data from MarketBeat, Zillow Group presently has an average rating of “Hold” and an average target price of $90.60.

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.