Stocks of Zillow Group Inc. (NASDAQ:Z) traded higher last session on Wall Street, up 0.04% to $45.41.
Z stock price is now 3.07% away from the 50-day moving average and 18.45% away from the 200-day moving average. The market capitalization of the company currently stands at $10.57B.
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In other news, Wacksman Jeremy, Chief Operating Officer sold 7,361 shares of the company’s stock on May 19. The stock was sold for $330,808 at an average price of $44.94. Upon completion of the transaction, the Chief Operating Officer now directly owns 93,256 shares in the company, valued at $4.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, Chief People Officer Spaulding Dan sold 6,188 shares of the business’s stock. A total of $281,517 was realized by selling the stock at an average price of $45.49. This leaves the insider owning 67,779 shares of the company worth $3.08 million. Insiders disposed of 5,881,709 shares of company stock worth roughly $267.09 million over the past 1 year. A total of 9.67% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in Z stock. A new stake in Zillow Group Inc. shares was purchased by SOUTHPOINT CAPITAL ADVISORS LP during the first quarter worth $45,410,000. EAM INVESTORS, LLC invested $31,147,000 in shares of Z during the first quarter. In the first quarter, CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in Zillow Group Inc. valued at approximately $12,191,000. HALF SKY CAPITAL (UK) LTD acquired a new stake in Z for approximately $11,745,000. AUSTRALIANSUPER PTY LTD purchased a new stake in Z valued at around $8,993,000 in the second quarter. In total, there are 574 active investors with 104.06% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $45.31 for Zillow Group Inc. (NASDAQ: Z). During the past 12 months, Zillow Group Inc. has had a low of $26.14 and a high of $49.32. The fifty day moving average price for Z is $44.18 and a two-hundred day moving average price translates $38.38 for the stock.
The latest earnings results from Zillow Group Inc. (NASDAQ: Z) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.12 by 0.23. This compares to -$0.03 EPS in the same period last year. The company reported revenue of $469.0 million for the quarter, compared to $536.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.5 percent. For the current quarter, analysts expect Z to generate $470.17M in revenue.
Zillow Group Inc.(Z) Company Profile
Zillow Group, Inc. operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans. The company’s Mortgages segment provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage services. Its Homes segment offers title and escrow services. The company’s brand portfolio includes Zillow Premier Agent, Zillow Home Loans, Zillow Closing Services, Zillow Rentals, Trulia, StreetEasy, HotPads, and Out East; and Mortech, a suite of marketing software and technology solutions for the real estate industry, as well as New Home Feed and ShowingTime+, and Bridge Interactive. Zillow Group, Inc. was incorporated in 2004 and is headquartered in Seattle, Washington.
