Zillow Group (NASDAQ:Z) CAO Jennifer Rock Sells 2,164 Shares

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 2,164 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $95,692.08. Following the transaction, the chief accounting officer directly owned 39,026 shares of the company’s stock, valued at $1,725,729.72. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zillow Group Stock Down 0.8%

NASDAQ Z opened at $43.45 on Friday. Zillow Group, Inc. has a twelve month low of $42.50 and a twelve month high of $93.88. The stock has a market cap of $10.52 billion, a P/E ratio of 482.83, a PEG ratio of 3.25 and a beta of 2.08. The company’s 50-day simple moving average is $65.62 and its 200 day simple moving average is $73.90.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share 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 analyst estimates of $650.40 million. Research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Key Stories 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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on Z. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods decreased their price objective 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 reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $90.60.

Hedge Funds Weigh In On Zillow Group

Several large investors have recently made changes to their positions in Z. Rakuten Investment Management Inc. bought a new stake in Zillow Group in the third quarter valued at approximately $2,919,000. Y Intercept Hong Kong Ltd grew its holdings 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 period. WT Wealth Management bought a new stake in shares of Zillow Group in the 3rd quarter valued at $1,458,000. Assenagon Asset Management S.A. increased its position in shares of Zillow Group by 353.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 143,212 shares of the financial services provider’s stock valued at $11,034,000 after buying an additional 111,664 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in Zillow Group during the 3rd quarter worth $2,204,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.