Zillow Group (NASDAQ:Z) Sets New 12-Month Low – Time to Sell?

Zillow Group, Inc. (NASDAQ:Z)’s share price reached a new 52-week low on Thursday . The stock traded as low as $39.97 and last traded at $40.49, with a volume of 4509477 shares. The stock had previously closed at $41.38.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on Z. Keefe, Bruyette & Woods cut their target price on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, February 9th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Two 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Hold” and a consensus price target of $90.60.

Zillow Group Trading Down 2.2%

The company has a market cap of $9.71 billion, a price-to-earnings ratio of 449.94, a PEG ratio of 2.31 and a beta of 2.10. The business’s 50 day moving average price is $49.02 and its 200-day moving average price is $64.61.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results 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 company 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%. Equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total value of $604,499.25. Following the transaction, the chief executive officer directly owned 116,322 shares of the company’s stock, valued at $5,147,248.50. This represents a 10.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 7,786 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total value of $340,481.78. Following the transaction, the chief financial officer owned 57,487 shares in the company, valued at $2,513,906.51. The trade was a 11.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 60,801 shares of company stock valued at $2,683,986 in the last 90 days. Corporate insiders own 25.03% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Painted Porch Advisors LLC bought a new stake in shares of Zillow Group in the fourth quarter valued at about $849,000. Rockefeller Capital Management L.P. increased its position in Zillow Group by 61.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,315 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 1,267 shares during the period. Hsbc Holdings PLC increased its position in Zillow Group by 8.0% during the fourth quarter. Hsbc Holdings PLC now owns 190,662 shares of the financial services provider’s stock worth $13,020,000 after acquiring an additional 14,145 shares during the period. Virtu Financial LLC acquired a new stake in Zillow Group in the 4th quarter worth about $2,671,000. Finally, Compound Planning Inc. raised its stake in Zillow Group by 20.4% in the 4th quarter. Compound Planning Inc. now owns 5,528 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 937 shares in the last quarter. 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.