Thielke Claire Cormier Sells 1,187 Shares of Zillow Group (NASDAQ:Z) Stock

Zillow Group, Inc. (NASDAQ:Z) Director Thielke Claire Cormier sold 1,187 shares of Zillow Group stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $33.09, for a total transaction of $39,277.83. Following the sale, the director owned 3,562 shares of the company’s stock, valued at $117,866.58. The trade was a 24.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zillow Group Price Performance

NASDAQ Z opened at $35.92 on Friday. The stock’s fifty day moving average price is $32.91 and its 200 day moving average price is $40.43. Zillow Group, Inc. has a 1 year low of $29.23 and a 1 year high of $93.88. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 163.28, a PEG ratio of 1.44 and a beta of 1.98.

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 company had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. Research analysts expect that Zillow Group, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

Z has been the subject of a number of research reports. Royal Bank Of Canada decreased their target price on Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, June 10th. Keefe, Bruyette & Woods reduced their price target on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. Jefferies Financial Group decreased their price objective on shares of Zillow Group from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Morgan Stanley set a $60.00 price objective on shares of Zillow Group in a report on Thursday, August 6th. Finally, UBS Group cut their price objective on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.75.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of Z. Assenagon Asset Management S.A. raised its position in Zillow Group by 11.9% during the second quarter. Assenagon Asset Management S.A. now owns 303,930 shares of the financial services provider’s stock valued at $9,580,000 after acquiring an additional 32,387 shares in the last quarter. Arlington Partners LLC boosted its position in Zillow Group by 22.5% in the 2nd quarter. Arlington Partners LLC now owns 7,235 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 1,327 shares in the last quarter. CX Institutional acquired a new stake in shares of Zillow Group during the 2nd quarter worth approximately $110,000. NewEdge Advisors LLC grew its stake in shares of Zillow Group by 2.0% during the 1st quarter. NewEdge Advisors LLC now owns 38,052 shares of the financial services provider’s stock worth $1,575,000 after purchasing an additional 750 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in shares of Zillow Group during the 1st quarter valued at approximately $166,000. 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.