Zillow Group (NASDAQ:Z) Director Thielke Claire Cormier Sells 1,187 Shares of Stock

Zillow Group, Inc. (NASDAQ:Z) Director Thielke Claire Cormier sold 1,187 shares of Zillow Group stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $33.09, for a total transaction of $39,277.83. Following the completion of the transaction, the director directly owned 3,562 shares in the company, valued at $117,866.58. This trade represents a 24.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Price Performance

Shares of Z opened at $33.26 on Thursday. The firm has a 50 day simple moving average of $32.91 and a two-hundred day simple moving average of $40.66. Zillow Group, Inc. has a one year low of $29.23 and a one year high of $93.88. The company has a market cap of $7.61 billion, a P/E ratio of 151.19, a P/E/G ratio of 1.46 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The firm had revenue of $772.00 million for the quarter, compared to the consensus estimate of $758.10 million. On average, analysts expect that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zillow Group

Several hedge funds have recently modified their holdings of Z. V Square Quantitative Management LLC acquired a new position in Zillow Group in the 4th quarter worth about $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Zillow Group during the fourth quarter valued at about $43,000. Leonteq Securities AG boosted its stake in shares of Zillow Group by 627.0% during the first quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,160 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Zillow Group by 283.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 1,045 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of Zillow Group during the fourth quarter worth about $68,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on Z. Wall Street Zen cut Zillow Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Morgan Stanley set a $60.00 target price on shares of Zillow Group in a report on Thursday, August 6th. Royal Bank Of Canada reduced their price target on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.75.

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.