Zillow Group (NASDAQ:Z) Insider Dan Spaulding Sells 2,056 Shares of Stock

Zillow Group, Inc. (NASDAQ:ZGet Free Report) insider Dan Spaulding sold 2,056 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $37.93, for a total value of $77,984.08. Following the completion of the transaction, the insider owned 52,774 shares of the company’s stock, valued at $2,001,717.82. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Monday, May 18th, Dan Spaulding sold 3,078 shares of Zillow Group stock. The shares were sold at an average price of $37.40, for a total value of $115,117.20.
  • On Tuesday, February 17th, Dan Spaulding sold 5,361 shares of Zillow Group stock. The shares were sold at an average price of $43.95, for a total value of $235,615.95.

Zillow Group Stock Down 1.3%

NASDAQ:Z opened at $37.17 on Tuesday. Zillow Group, Inc. has a 1-year low of $36.76 and a 1-year high of $93.88. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 148.68, a price-to-earnings-growth ratio of 1.76 and a beta of 2.07. The stock has a fifty day simple moving average of $42.79 and a 200 day simple moving average of $56.85.

Zillow Group (NASDAQ:ZGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.10 million. Equities analysts predict that Zillow Group, Inc. will post 0.82 earnings per share for the current year.

Zillow Group News Summary

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods reduced their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, May 7th. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings upgraded Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.75.

Get Our Latest Stock Report on Z

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in shares of Zillow Group in the 3rd quarter valued at approximately $27,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group in the 3rd quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the 4th quarter valued at approximately $28,000. Cullen Frost Bankers Inc. raised its stake in shares of Zillow Group by 58.6% in the 3rd 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 in the last quarter. Finally, Pittenger & Anderson Inc. raised its stake in shares of Zillow Group by 32.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 135 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

About Zillow Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Zillow Group (NASDAQ:Z)

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