Consolidated Press International recently announced the acquisition of new stake in Zillow Group Inc. (NASDAQ:Z). This fresh investment now brings its stake to 4.15% valued currently at $307.96 million. In addition, Pacer Advisors, Inc. raised its holdings by 1.27 million to 6.22 million shares. And Geode Capital Management LLC has lifted its position by 1.43% or 36958.0 shares – to 2.62 million shares.
With over 3.3 million Zillow Group Inc. (Z) shares trading Friday and a closing price of $45.39 on the day, the dollar volume was approximately $149.68 million. The shares have shown a positive half year performance of 22.81% and its price on 05/19/23 lost nearly -1.05%. Currently, there are 170.60M common shares owned by the public and among those 153.55M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for Z have a consensus price objective of $50.65. The analysts have set the share’s price value over the next 12 months at a high of $65.00 and a low of $30.00. The average price target is 10.37% above its recent price level and a downside to the estimated low will see the stock lose -51.3% over that period. But an upside of 30.17% will see the stock hit the forecast high price target while median target price for the stock is $51.00.
Insiders at the company have transacted a total of 71 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 6,307,470 shares. Insider sales of the common stock occurred on 52 occasions, with total insider shares sold totaling 5,881,709 shares.
The top 3 mutual fund holders in Zillow Group Inc. are Vanguard Real Estate Index Fund, Pacer Fds. Tr. – US Cash Cows 100, and Vanguard Total Stock Market ETF. Vanguard Real Estate Index Fund owns 6.86 million shares of the company’s stock, all valued at over $298.67 million. The company sold 43455.0 shares recently to bring their total holdings to about 4.02% of the shares outstanding. Pacer Fds. Tr. – US Cash Cows 100 bought 3417.0 shares to see its total holdings expand to 6.46 million shares valued at over $281.19 million and representing 3.79% of the shares outstanding. Vanguard Total Stock Market ETF sold 2063.0 shares to bring its total holdings to over 4.9 million shares at a value of $213.25 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.87% of the shares outstanding.
Shares of Zillow Group Inc. (NASDAQ: Z) opened at $45.38, down -$0.49 from a prior closing price of $45.87. However, the script later moved the day high at 45.55, down -1.05%. The company’s stock has a 5-day price change of 1.27% and -1.09% over the past three months. Z shares are trading 40.92% year to date (YTD), with the 12-month market performance up to 9.66% higher. It has a 12-month low price of $26.14 and touched a high of $49.32 over the same period. Z has an average intraday trading volume of 2.49 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.75%, 3.31%, and 18.52% respectively.
Institutional ownership of Zillow Group Inc. (NASDAQ: Z) shares accounts for 104.06% of the company’s 170.60M shares outstanding. Mutual fund holders own 35.64%, while other institutional holders and individual stakeholders account for 61.28% and 11.14% respectively.
It has a market capitalization of $10.57B. The earnings-per-share (ttm) stands at -$0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.26% over the week and 3.45% over the month.
Analysts forecast that Zillow Group Inc. (Z) will achieve an EPS of $0.17 for the current quarter, $0.27 for the next quarter and $1.62 for 2024. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.27. Comparatively, EPS for the current quarter was $0.47 a year ago. Earnings per share for the fiscal year are expected to decrease by -23.10%, and 47.30% over the next financial year.
