Zillow Group (NASDAQ:Z) CAO Sells $95,692.08 in Stock

Zillow Group, Inc. (NASDAQ:Z) CAO Jennifer Rock sold 2,164 shares of Zillow Group stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $95,692.08. Following the completion of the transaction, the chief accounting officer owned 39,026 shares in the company, valued at $1,725,729.72. This trade represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Zillow Group Trading Down 0.8%

Shares of Zillow Group stock traded down $0.37 during mid-day trading on Friday, reaching $43.45. 10,820,683 shares of the stock were exchanged, compared to its average volume of 4,433,736. Zillow Group, Inc. has a fifty-two week low of $42.50 and a fifty-two week high of $93.88. The firm has a 50-day simple moving average of $66.23 and a 200 day simple moving average of $74.16. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 482.83, a price-to-earnings-growth ratio of 2.65 and a beta of 2.08.

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

More Zillow Group News

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

Analyst Ratings Changes

Z has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday. Mizuho lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Finally, Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Hold” and an average target price of $90.60.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in Zillow Group during the 3rd quarter worth $27,000. V Square Quantitative Management LLC bought a new position in shares of Zillow Group during the fourth quarter worth $28,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the third quarter worth about $29,000. Cullen Frost Bankers Inc. raised its holdings 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 during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Zillow Group by 58.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 185 shares in the last quarter. Institutional investors 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.