Zillow Group (NASDAQ:Z) Insider Dan Spaulding Sells 3,169 Shares

Zillow Group, Inc. (NASDAQ:Z) insider Dan Spaulding sold 3,169 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $35.37, for a total transaction of $112,087.53. Following the completion of the transaction, the insider directly owned 44,561 shares in the company, valued at approximately $1,576,122.57. The trade was a 6.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 Thursday, August 13th, Dan Spaulding sold 1,966 shares of Zillow Group stock. The stock was sold at an average price of $34.24, for a total value of $67,315.84.

Zillow Group Stock Performance

Shares of Zillow Group stock traded down $1.06 on Monday, hitting $33.72. The company had a trading volume of 5,034,691 shares, compared to its average volume of 4,238,369. Zillow Group, Inc. has a 1 year low of $29.23 and a 1 year high of $93.88. The stock has a 50 day moving average of $32.91 and a 200-day moving average of $40.19. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 153.28, a P/E/G ratio of 1.51 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. Equities analysts anticipate that Zillow Group, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Sanford C. Bernstein lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Morgan Stanley set a $60.00 target price on shares of Zillow Group in a research report on Thursday, August 6th. Weiss Ratings downgraded Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Finally, Jefferies Financial Group reduced their target price on Zillow Group from $75.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.75.

Institutional Investors Weigh In On Zillow Group

Large investors have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. bought a new stake in shares of Zillow Group in the 4th quarter worth approximately $68,000. SBI Okasan Asset Management Co.Ltd. bought a new position in Zillow Group during the fourth quarter valued at $71,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Zillow Group by 34.5% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 300 shares during the period. Advisory Services Network LLC purchased a new stake in Zillow Group in the third quarter worth $99,000. Finally, Leonteq Securities AG increased its position in Zillow Group by 627.0% in the first quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,160 shares during the last quarter. Hedge funds and other 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.