Zillow Group (NASDAQ:Z) Insider Errol Samuelson Sells 2,939 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Errol Samuelson sold 2,939 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $37.97, for a total value of $111,593.83. Following the sale, the insider owned 134,039 shares in the company, valued at approximately $5,089,460.83. This represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zillow Group Price Performance

NASDAQ:Z opened at $37.66 on Friday. The company has a market cap of $8.62 billion, a P/E ratio of 150.64, a P/E/G ratio of 1.75 and a beta of 2.07. The stock’s fifty day moving average price is $42.97 and its two-hundred day moving average price is $57.26. Zillow Group, Inc. has a 1 year low of $36.76 and a 1 year high of $93.88.

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

Institutional Investors Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in Zillow Group during the third quarter valued at $27,000. V Square Quantitative Management LLC bought a new stake in Zillow Group during the fourth quarter valued at $28,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group during the third quarter valued at $29,000. Cullen Frost Bankers Inc. raised its position in Zillow Group by 58.6% during the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 163 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its position in Zillow Group by 32.8% during the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group News Roundup

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

Analyst Upgrades and Downgrades

Several research analysts have commented on Z shares. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, May 7th. Wall Street Zen raised Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $79.75.

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.