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Zillow Group Inc (Z) Looks Ready for Growth Despite -19.01% Change This Year

Zillow Group Inc (NASDAQ: Z) is -19.01% 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 $48.22 in the last trading session, with the day’s loss setting it -1.36%.

Currently trading at $46.86, the stock is -10.45% and -13.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.05 million and changing -2.82% at the moment leaves the stock -6.02% off its SMA200. Z registered 9.28% gain for a year compared to 6-month gain of 1.52%. The firm has a 50-day simple moving average (SMA 50) of $5.09 and a 200-day simple moving average (SMA200) of $95.11.

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The stock witnessed a -17.93% loss in the last 1 month and extending the period to 3 months gives it a -19.01%, and is -4.97% down 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 3.39% over the week and 4.77% over the month.

Zillow Group Inc (Z) has around 6263 employees, a market worth around $10.93B and $1.95B in sales. Fwd P/E is 22.74. Profit margin for the company is -8.12%. Distance from 52-week low is 38.64% and -23.34% 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 105.66% of the company’s shares. The shares outstanding are 171.85M, and float is at 153.84M with Short Float at 8.31%. Institutions hold 98.98% 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 Samuelson Errol G,the company’sChief Industry Dev. Officer. SEC filings show that Samuelson Errol G sold 4,219 shares of the company’s common stock on Mar 26 ’24 at a price of $49.60 per share for a total of $0.21 million. Following the sale, the insider now owns 0.17 million shares.

Zillow Group Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Hofmann Jeremy (Chief Financial Officer) sold a total of 7,813 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $54.76 per share for $0.43 million. Following the transaction, the insider now directly holds 0.14 million shares of the Z stock.

Still, SEC filings show that on Mar 05 ’24, BLACHFORD ERIK C (Director) disposed off 67,423 shares at an average price of $53.40 for $3.6 million. The insider now directly holds 0 shares of Zillow Group Inc (Z).

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