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

Zillow Group, Inc. (NASDAQ:Z) insider Errol Samuelson sold 7,015 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were 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 trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Zillow Group Price Performance

Z stock opened at $43.45 on Friday. The company has a 50 day moving average price of $65.62 and a 200 day moving average price of $73.90. Zillow Group, Inc. has a fifty-two week low of $42.50 and a fifty-two week high of $93.88. The stock has a market capitalization of $10.52 billion, a PE ratio of 482.83, a price-to-earnings-growth ratio of 3.25 and a beta of 2.08.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. As a group, equities analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. acquired a new stake in Zillow Group in the third quarter valued at $2,919,000. Y Intercept Hong Kong Ltd grew its position in shares of Zillow Group by 63.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider’s stock valued at $6,565,000 after buying an additional 32,975 shares during the last quarter. WT Wealth Management acquired a new stake in shares of Zillow Group in the third quarter valued at about $1,458,000. Assenagon Asset Management S.A. raised its position in shares of Zillow Group by 353.9% during the third quarter. Assenagon Asset Management S.A. now owns 143,212 shares of the financial services provider’s stock worth $11,034,000 after acquiring an additional 111,664 shares during the last quarter. Finally, Triasima Portfolio Management inc. bought a new position in shares of Zillow Group during the third quarter worth about $2,204,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on Z shares. Keefe, Bruyette & Woods reduced their target price on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, February 9th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Finally, Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Hold” and an average target price of $90.60.

Zillow Group News Roundup

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

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.