Insider Selling: Zillow Group (NASDAQ:Z) Director Sells 1,187 Shares

Zillow Group, Inc. (NASDAQ:Z) Director Claire Cormier Thielke sold 1,187 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total transaction of $42,387.77. Following the completion of the sale, the director directly owned 2,375 shares of the company’s stock, valued at $84,811.25. This represents a 33.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Thielke Claire Cormier also recently made the following trade(s):

• On Tuesday, August 11th, Claire Cormier Thielke sold 1,187 shares of Zillow Group stock. The stock was sold at an average price of $33.09, for a total value of $39,277.83.

Zillow Group Trading Down 2.1%

Zillow Group stock traded down $0.75 during trading hours on Friday, reaching $34.59. 3,514,429 shares of the company were exchanged, compared to its average volume of 4,139,800. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 157.23, a PEG ratio of 1.51 and a beta of 2.00. The stock has a 50-day moving average of $33.76 and a 200 day moving average of $38.10. Zillow Group, Inc. has a 12 month low of $29.23 and a 12 month high of $93.88.

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

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently made changes to their positions in Z. The Manufacturers Life Insurance Company lifted its holdings in Zillow Group by 106.8% in the first quarter. The Manufacturers Life Insurance Company now owns 41,519 shares of the financial services provider’s stock valued at $1,718,000 after buying an additional 21,439 shares during the period. Tiger Global Management LLC grew its holdings in Zillow Group by 21.7% during the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock worth $304,927,000 after acquiring an additional 1,312,000 shares during the period. IFP Advisors Inc raised its position in shares of Zillow Group by 17,458.4% during the 4th quarter. IFP Advisors Inc now owns 73,921 shares of the financial services provider’s stock valued at $5,043,000 after acquiring an additional 73,500 shares during the last quarter. Emmett Investment Management LP raised its position in shares of Zillow Group by 353.9% during the 1st quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider’s stock valued at $3,897,000 after acquiring an additional 75,036 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Zillow Group in the 1st quarter valued at $1,743,000. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on Z shares. Deutsche Bank Aktiengesellschaft cut their price objective on Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a report on Friday, May 8th. Evercore downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Zacks Research cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada reduced their target price on Zillow Group from $95.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.75.

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.