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Zillow Group Inc (Z) Is Up 41.10% in 2024 With Lots of Room to Run

Zillow Group Inc (NASDAQ: Z) is 41.10% higher on its value in year-to-date trading and has touched a low of $38.45 and a high of $86.88 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 $79.93 in the last trading session, with the day’s gains setting it 1.71%.

Currently trading at $81.64, the stock is -0.03% and 14.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.48 million and changing 2.14% at the moment leaves the stock 48.18% off its SMA200. Z registered 46.91% gain for a year compared to 6-month gain of 74.41%. The firm has a 50-day simple moving average (SMA 50) of $70.7662 and a 200-day simple moving average (SMA200) of $54.9719.

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The stock witnessed a 9.86% loss in the last 1 month and extending the period to 3 months gives it a 29.98%, and is -0.49% 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 2.13% over the week and 2.84% over the month.

Zillow Group Inc (Z) has around 6263 employees, a market worth around $18.80B and $2.16B in sales. Fwd P/E is 45.22. Profit margin for the company is -6.17%. Distance from 52-week low is 112.33% and -6.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.54%).

The EPS is expected to grow by 7.51% this year.

Zillow Group Inc (Z) Top Institutional Holders

656.0 institutions hold shares in Zillow Group Inc (Z), with institutional investors hold 108.02% of the company’s shares. The shares outstanding are 172.99M, and float is at 152.88M with Short Float at 7.77%. Institutions hold 101.48% of the Float.

The top institutional shareholder in the company is CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with over 36.25 million shares valued at $1.68 billion. The investor’s holdings represent 15.4449% of the Z Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 21.65 million shares valued at $1.0 billion to account for 9.2232 of the shares outstanding. The other top investors are INDEPENDENT FRANCHISE PARTNERS LLP which holds 12.02 million shares representing 5.1225% and valued at over $557.71 million, while BLACKROCK INC. holds 3.7052 of the shares totaling 8.7 million with a market value of $403.4 million.

Zillow Group Inc (Z) Insider Activity

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Still, SEC filings show that on Dec 06 ’24, Rock Jennifer (Chief Accounting Officer) disposed off 3,033 shares at an average price of $82.78 for $0.25 million. The insider now directly holds 57,166 shares of Zillow Group Inc (Z).

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