Zillow Group (NASDAQ:Z) Sets New 52-Week Low – Should You Sell?

Zillow Group, Inc. (NASDAQ:Z)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $41.76 and last traded at $41.7240, with a volume of 2180664 shares changing hands. The stock had previously closed at $44.90.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Mizuho downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Finally, Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $90.60.

Zillow Group Stock Performance

The company’s 50 day moving average price is $56.37 and its 200-day moving average price is $69.10. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 457.88, a PEG ratio of 2.46 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $654.00 million for 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%. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In other news, General Counsel Bradley D. Owens sold 2,602 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $44.42, for a total transaction of $115,580.84. Following the completion of the sale, the general counsel directly owned 33,355 shares of the company’s stock, valued at $1,481,629.10. This trade represents a 7.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeremy Hofmann sold 7,786 shares of Zillow Group stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total value of $340,481.78. Following the completion of the transaction, the chief financial officer owned 57,487 shares in the company, valued at $2,513,906.51. The trade was a 11.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 60,801 shares of company stock worth $2,683,986. 25.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors have recently bought and sold shares of Z. Hsbc Holdings PLC raised its holdings in Zillow Group by 8.0% during the 4th quarter. Hsbc Holdings PLC now owns 190,662 shares of the financial services provider’s stock worth $13,020,000 after buying an additional 14,145 shares during the period. Virtu Financial LLC purchased a new position in shares of Zillow Group in the fourth quarter worth approximately $2,671,000. Compound Planning Inc. raised its holdings in shares of Zillow Group by 20.4% during the fourth quarter. Compound Planning Inc. now owns 5,528 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 937 shares during the period. Invesco Ltd. raised its holdings in shares of Zillow Group by 10.9% during the fourth quarter. Invesco Ltd. now owns 354,835 shares of the financial services provider’s stock valued at $24,207,000 after acquiring an additional 34,977 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of Zillow Group by 19.2% in the 4th quarter. Corient Private Wealth LLC now owns 11,517 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 1,853 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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.