Zillow Group, Inc. (ZG)
Zillow Q3 Earnings Beat Estimates on Solid Growth in Several Verticals
ZG reports top-line growth year over year, backed by healthy traction in the premier agent business and strong signups for multi-family properties.
Zillow Stock Jumps on Third-Quarter Revenue Growth, Narrower Loss
Zillow Group (Z) shares are jumping in premarket trading Thursday, after the real estate firm posted strong third-quarter sales gains and narrowed its losses.
Compared to Estimates, Zillow (ZG) Q3 Earnings: A Look at Key Metrics
The headline numbers for Zillow (ZG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zillow Group (ZG) Q3 Earnings and Revenues Beat Estimates
Zillow Group (ZG) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.33 per share a year ago.
What Makes Zillow (ZG) a New Strong Buy Stock
Zillow (ZG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Gear Up for Zillow (ZG) Q3 Earnings: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Zillow (ZG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Envestnet Portfolio Solutions Inc.
Envestnet Portfolio Solutions Inc. increased its position in Zillow Group, Inc. (NASDAQ:ZG – Free Report) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,129 shares of the technology company’s stock after acquiring an additional 2,470 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Zillow Group were worth $915,000 as of its most recent SEC filing. Several other hedge funds have also recently bought and sold shares of the company. Versor Investments LP raised its position in Zillow Group by 36.3% during the fourth quarter. Versor Investments LP now owns 13,897 shares of the technology company’s stock worth $788,000 after acquiring an additional 3,700 shares during the last quarter. New York Life Investment Management LLC increased its stake in shares of Zillow Group by 6.7% during the 4th quarter. New York Life Investment Management LLC now owns 6,365 shares of the technology company’s stock worth $361,000 after purchasing an additional 401 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $226,000. Hartline Investment Corp lifted its stake in Zillow Group by 9.7% in the 4th quarter. Hartline Investment Corp now owns 52,491 shares of the technology company’s stock valued at $2,977,000 after buying an additional 4,624 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Zillow Group during the 4th quarter valued at $26,000. 20.32% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at Zillow Group In related news, Director Amy Bohutinsky sold 93,750 shares of Zillow Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the transaction, the director now owns 5,652 shares in the company, valued at approximately $320,411.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, General Counsel Bradley D. Owens sold 1,373 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total transaction of $60,617.95. Following the sale, the general counsel now owns 40,194 shares in the company, valued at $1,774,565.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy Bohutinsky sold 93,750 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares in the company, valued at $320,411.88. The disclosure for this sale can be found here. Insiders sold 166,560 shares of company stock valued at $8,829,931 over the last 90 days. Corporate insiders own 17.14% of the company’s stock. Zillow Group Trading Down 1.3 % ZG opened at $43.35 on Monday. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $59.23. The firm has a 50 day moving average price of $45.19 and a 200 day moving average price of $48.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating and issued a $63.00 price target on shares of Zillow Group in a report on Friday, April 5th. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Zillow Group in a report on Tuesday, April 30th. Susquehanna raised their price target on shares of Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. JMP Securities cut their price objective on shares of Zillow Group from $68.00 to $62.00 and set a “market outperform” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.40. Read Our Latest Report on Zillow Group Zillow Group Company Profile (Free Report) Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
Insider Selling: Zillow Group, Inc. (NASDAQ:ZG) General Counsel Sells $60,617.95 in Stock
Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) General Counsel Bradley D. Owens sold 1,373 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $44.15, for a total value of $60,617.95. Following the transaction, the general counsel now directly owns 40,194 shares in the company, valued at $1,774,565.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Zillow Group Stock Down 1.3 % Shares of NASDAQ:ZG opened at $43.35 on Monday. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $59.23. The company has a market capitalization of $10.24 billion, a PE ratio of -62.83 and a beta of 1.87. The business has a fifty day moving average price of $45.19 and a two-hundred day moving average price of $48.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on ZG shares. Craig Hallum lowered their target price on Zillow Group from $65.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. DA Davidson reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Zillow Group in a research note on Friday, April 5th. JPMorgan Chase & Co. decreased their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Zillow Group in a report on Tuesday, April 30th. Finally, Susquehanna lifted their price target on Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $57.40. Get Our Latest Stock Report on Zillow Group Institutional Trading of Zillow Group Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in shares of Zillow Group during the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV bought a new position in Zillow Group during the fourth quarter worth about $31,000. Fidelis Capital Partners LLC purchased a new position in shares of Zillow Group in the first quarter worth about $32,000. Quadrant Capital Group LLC raised its position in shares of Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after purchasing an additional 237 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Zillow Group during the 1st quarter valued at approximately $53,000. Institutional investors own 20.32% of the company’s stock. Zillow Group Company Profile (Get Free Report) Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
