Zillow Group (NASDAQ:Z) COO Jun Choo Sells 1,228 Shares

Zillow Group, Inc. (NASDAQ:Z) COO Jun Choo sold 1,228 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $37.95, for a total value of $46,602.60. Following the transaction, the chief operating officer directly owned 107,699 shares of the company’s stock, valued at $4,087,177.05. This represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Trading Up 0.8%

Shares of Z stock traded up $0.29 on Friday, hitting $37.66. 3,075,721 shares of the stock were exchanged, compared to its average volume of 4,082,034. The firm has a market capitalization of $8.62 billion, a P/E ratio of 150.64, a price-to-earnings-growth ratio of 1.80 and a beta of 2.07. The business has a 50-day moving average of $43.14 and a 200 day moving average of $57.40. Zillow Group, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $93.88.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. The company had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. As a group, research analysts forecast that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.

More Zillow Group News

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

• Positive Sentiment: Zillow published new survey data supporting its marketplace strategy, showing most soon-to-be sellers prefer broad public exposure over private listing networks. The findings reinforce Zillow’s argument that full-market visibility and real-time demand signals help sellers achieve better outcomes. Article Title
• Neutral Sentiment: Zillow CEO Jeremy Wacksman was featured in an interview about the company’s evolution from a desktop-only search engine into a major real-estate app. The article is more of a branding/strategy profile than a near-term financial catalyst. Article Title
• Negative Sentiment: General Counsel Bradley D. Owens sold shares on May 14 and May 15, though the trades were made under a pre-arranged Rule 10b5-1 plan and were tied to tax withholding from vesting equity awards. Insider sales can still weigh on sentiment when the stock is already under legal scrutiny.
• Negative Sentiment: Several plaintiff-side law firms announced investigations into Zillow, increasing the risk of distraction, legal costs, and possible headline pressure on the shares. Article Title

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Keefe, Bruyette & Woods dropped their target price on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $79.75.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Zillow Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after acquiring an additional 71,336 shares in the last quarter. Independent Franchise Partners LLP lifted its stake in Zillow Group by 0.9% in the 4th quarter. Independent Franchise Partners LLP now owns 10,953,405 shares of the financial services provider’s stock valued at $747,241,000 after purchasing an additional 94,569 shares during the last quarter. Capital World Investors grew its holdings in Zillow Group by 1.8% during the fourth quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider’s stock worth $738,554,000 after purchasing an additional 191,058 shares during the period. Tiger Global Management LLC increased its position in Zillow Group by 21.7% during the first quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock worth $304,927,000 after buying an additional 1,312,000 shares during the last quarter. Finally, State Street Corp increased its position in Zillow Group by 3.9% during the fourth quarter. State Street Corp now owns 3,838,788 shares of the financial services provider’s stock worth $261,882,000 after buying an additional 143,726 shares during the last quarter. 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.