Zillow Group (NASDAQ:Z) Trading Down 5.7% – Time to Sell?

Zillow Group, Inc. (NASDAQ:Z) shares dropped 5.7% during trading on Wednesday . The company traded as low as $43.60 and last traded at $42.7060. Approximately 1,152,900 shares traded hands during trading, a decline of 75% from the average daily volume of 4,531,627 shares. The stock had previously closed at $45.31.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on Z shares. Mizuho downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Hold” and a consensus target price of $90.60.

Zillow Group Stock Down 4.0%

The business has a 50-day simple moving average of $51.11 and a two-hundred day simple moving average of $66.09. The stock has a market capitalization of $10.04 billion, a P/E ratio of 465.16, a PEG ratio of 2.44 and a beta of 2.10.

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 analysts’ consensus estimates of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The company had revenue of $654.00 million for the quarter, compared to the consensus estimate of $650.40 million. On average, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the transaction, the chief executive officer directly owned 116,322 shares in the company, valued at $5,147,248.50. The trade was a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 7,015 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.21, for a total transaction of $310,133.15. Following the sale, the insider directly owned 113,800 shares in the company, valued at $5,031,098. This represents a 5.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 60,801 shares of company stock worth $2,683,986 over the last ninety days. Corporate insiders own 25.03% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of Z. Root Financial Partners LLC acquired a new position in Zillow Group in the third quarter worth $27,000. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the fourth quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group during the 3rd quarter worth about $29,000. Cullen Frost Bankers Inc. lifted its position in Zillow Group by 58.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after buying an additional 163 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its holdings in Zillow Group by 32.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 135 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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.