Zillow Group Inc (NASDAQ: Z) is -15.49% lower on its value in year-to-date trading and has touched a low of $33.80 and a high of $61.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The Z stock was last observed hovering at around $49.31 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $48.90, the stock is -8.91% and -10.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.65 million and changing -0.83% at the moment leaves the stock -1.79% off its SMA200. Z registered 12.59% gain for a year compared to 6-month gain of 7.57%. The firm has a 50-day simple moving average (SMA 50) of $5.34 and a 200-day simple moving average (SMA200) of $99.87.
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The stock witnessed a -8.89% loss in the last 1 month and extending the period to 3 months gives it a -16.82%, and is 1.56% 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 4.16% over the week and 4.76% over the month.
Zillow Group Inc (Z) has around 6263 employees, a market worth around $11.40B and $1.95B in sales. Fwd P/E is 23.73. Profit margin for the company is -8.12%. Distance from 52-week low is 44.67% and -20.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.81%).
Zillow Group Inc quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $506.81M over the same period.The EPS is expected to grow by 14.23% this year, but quarterly earnings will post 11.80% year-over-year. Quarterly sales are estimated to grow 19.50% in year-over-year returns.
Zillow Group Inc (Z) Top Institutional Holders
647 institutions hold shares in Zillow Group Inc (Z), with institutional investors hold 105.68% of the company’s shares. The shares outstanding are 171.85M, and float is at 153.84M with Short Float at 9.72%. Institutions hold 99.01% of the Float.
The top institutional shareholder in the company is Caledonia (Private) Investments Pty Ltd with over 36.39 million shares valued at $1.83 billion. The investor’s holdings represent 21.42% of the Z Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 22.79 million shares valued at $1.15 billion to account for 13.41% of the shares outstanding. The other top investors are Independent Franchise Partners, LLP which holds 13.72 million shares representing 8.07% and valued at over $689.48 million, while Blackrock Inc. holds 5.52% of the shares totaling 9.38 million with a market value of $471.57 million.
Zillow Group Inc (Z) Insider Activity
The most recent transaction is an insider sale by Hofmann Jeremy,the company’sChief Financial Officer. SEC filings show that Hofmann Jeremy sold 7,813 shares of the company’s common stock on Mar 15 ’24 at a price of $54.76 per share for a total of $0.43 million. Following the sale, the insider now owns 0.14 million shares.
Zillow Group Inc disclosed in a document filed with the SEC on Mar 05 ’24 that BLACHFORD ERIK C (Director) sold a total of 67,423 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $53.40 per share for $3.6 million. Following the transaction, the insider now directly holds 0.0 shares of the Z stock.
Still, SEC filings show that on Mar 04 ’24, Bohutinsky Amy (Director) disposed off 93,750 shares at an average price of $56.69 for $5.32 million. The insider now directly holds 0 shares of Zillow Group Inc (Z).
