Zillow Group (NASDAQ:Z) Insider Errol Samuelson Sells 7,015 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Errol Samuelson sold 7,015 shares of Zillow Group stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.21, for a total value of $310,133.15. Following the transaction, the insider owned 113,800 shares in the company, valued at approximately $5,031,098. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Zillow Group Price Performance

Shares of Zillow Group stock traded down $0.37 during trading hours on Friday, hitting $43.45. The company’s stock had a trading volume of 10,820,683 shares, compared to its average volume of 4,433,736. The company has a market capitalization of $10.52 billion, a PE ratio of 482.83, a price-to-earnings-growth ratio of 2.65 and a beta of 2.08. The stock has a 50 day moving average of $66.23 and a 200 day moving average of $74.16. Zillow Group, Inc. has a 12 month low of $42.50 and a 12 month high of $93.88.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data 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). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The business had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Key Headlines Impacting Zillow Group

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

• Positive Sentiment: Zelman & Associates upgraded Zillow from “hold” to “strong-buy,” giving the stock a near-term bullish analyst catalyst. Zacks Zelman Upgrade
• Positive Sentiment: Some investors/analysts view the pullback as a buying opportunity — a Seeking Alpha piece argues AI competition is not an existential threat and recommends buying the plunge, which could support bargain-hunters. Seeking Alpha: Buy The Plunge
• Neutral Sentiment: Q4 revenue of about $654M slightly topped Wall Street’s estimate, a mild positive for top-line momentum but not enough to offset the EPS miss. Benzinga: Earnings Recap
• Negative Sentiment: Zillow missed on adjusted EPS ($0.39 vs. $0.42 expected), which is the primary driver cited for the recent selloff and the weekly/near-term price weakness. Benzinga: Earnings Miss
• Negative Sentiment: The stock has hit a new 52‑week / 12‑month low, reflecting investor concern and technical weakness that can prompt further selling. Investing.com: 52-Week Low
• Negative Sentiment: Multiple insiders — including the general counsel, CTO, COO and CAO — sold shares in mid‑February, which may be interpreted negatively by the market even if the trades are routine. (SEC filings disclose the trades.) SEC Form 4 Insider Sales
• Negative Sentiment: Ongoing litigation and related disclosures remain a drag on sentiment and are cited in coverage as an additional headwind for the stock. MSN: Litigation Pressure
• Negative Sentiment: Broader analyst and media coverage highlights the projected earnings shortfall as the catalyst for the sharp weekly decline, reinforcing negative sentiment. The Motley Fool: Why Stock Dropped

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in Zillow Group by 4.7% in the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 171 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Zillow Group by 21.7% in the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock valued at $1,407,000 after buying an additional 3,653 shares during the last quarter. Truist Financial Corp grew its stake in shares of Zillow Group by 133.7% in the second quarter. Truist Financial Corp now owns 7,816 shares of the financial services provider’s stock valued at $548,000 after buying an additional 4,471 shares in the last quarter. Aberdeen Group plc grew its stake in shares of Zillow Group by 6.5% in the second quarter. Aberdeen Group plc now owns 108,323 shares of the financial services provider’s stock valued at $7,588,000 after buying an additional 6,620 shares in the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in Zillow Group during the second quarter worth $201,000. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on Z. JPMorgan Chase & Co. raised their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned 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 stock presently has a consensus rating of “Hold” and an average price target 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.