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Zillow Group Inc. (Z) – Don’t Be So Quick to Call it Dead

681 institutions hold shares in Zillow Group Inc. (Z), with 25.29M shares held by insiders accounting for 10.51% while institutional investors hold 122.57% of the company’s shares. Institutions hold 109.69% of the Float.

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The top institutional shareholder in the company is Caledonia (Private) Investments Pty Ltd with over 36.39 million shares valued at $4.72 billion. The investor’s holdings represent 21.00% of the Z Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.79 million shares valued at $1.53 billion to account for 6.80% of the shares outstanding. The other top investors are Morgan Stanley which holds 10.68 million shares representing 6.16% and valued at over $1.39 billion, while Blackrock Inc. holds 4.72% of the shares totaling 8.17 million with a market value of $1.06 billion.

Zillow Group Inc. (NASDAQ: Z) is 2.84% higher on its value in year-to-date trading and has touched a low of $29.42 and a high of $208.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The Z stock was last observed hovering at around $133.41 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $215.00 for the next 12 months. It is also 46.61% off the consensus price target high of $250.00 offered by 23 analysts, but current levels are -27.12% lower than the price target low of $105.00 for the same period.

Currently trading at $133.48, the stock is -1.79% and -10.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.55 million and changing 0.05% at the moment leaves the stock 22.13% off its SMA200. Z registered 343.01% gain for a year compared to 6-month gain of 24.13%. The firm has a 50-day simple moving average (SMA 50) of $148.53 and a 200-day simple moving average (SMA200) of $127.06.

The stock witnessed a -2.21% loss in the last 1 month and extending the period to 3 months gives it a 2.84%, and is 4.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.46% over the week and 6.86% over the month.

Zillow Group Inc. (Z) has around 5504 employees, a market worth around $22.14B and $3.34B in sales. Fwd P/E is 92.69. Distance from 52-week low is 353.70% and -35.86% from its 52-week high.

Zillow Group Inc. (Z) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Zillow Group Inc. (Z) is a “Overweight”. 23 analysts offering their recommendations for the stock have an average rating of 2.10, where 6 rate it as a Hold and 0 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Zillow Group Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $1.09B over the same period.The EPS is expected to grow by 113.60% this year, but quarterly earnings will post 63.60% year-over-year. Quarterly sales are estimated to shrink -3.00% in year-over-year returns.

Zillow Group Inc. (Z) Insider Activity

A total of 171 insider transactions have happened at Zillow Group Inc. (Z) in the last six months, with sales accounting for 133 and purchases happening 38 times. The most recent transaction is an insider sale by Beitel David A., the company’s Chief Technology Officer. SEC filings show that Beitel David A. sold 5,000 shares of the company’s common stock on Apr 01 at a price of $133.79 per share for a total of $0.67 million. Following the sale, the insider now owns 50709.0 shares.

Zillow Group Inc. disclosed in a document filed with the SEC on Apr 01 that Owens Bradley D. (General Counsel) sold a total of 4,250 shares of the company’s common stock. The trade occurred on Apr 01 and was made at $134.50 per share for $0.57 million. Following the transaction, the insider now directly holds 968.0 shares of the Z stock.

Still, SEC filings show that on Mar 26, Samuelson Errol G (Chief Industry Dev. Officer) disposed off 1,277 shares at an average price of $128.85 for $0.16 million. The insider now directly holds 42,873 shares of Zillow Group Inc. (Z).

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Zillow Group Inc. (Z): Who are the competitors?

The company’s main competitors (and peers) include Omnicell Inc. (OMCL) that is 97.73% higher over the past 12 months. PDF Solutions Inc. (PDFS) is 69.52% up on the 1-year trading charts. Short interest in the company’s stock has fallen -7.0% from the last report on Feb 11, 2021 to stand at a total of 22.61 million short shares sold with a short interest ratio of 4.54.

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