Zillow Group Inc (NASDAQ: Z) stock fell -1.02% on Monday to $38.69 against a previous-day closing price of $39.09. With 2.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.94 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $39.44 whereas the lowest price it dropped to was $38.34. The 52-week range on Z shows that it touched its highest point at $57.19 and its lowest point at $31.10 during that stretch. It currently has a 1-year price target of $46.60. Beta for the stock currently stands at 1.71.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of Z was up-trending over the past week, with a rise of 8.34%, but this was down by -0.69% over a month. Three-month performance dropped to -22.46% while six-month performance fell -14.80%. The stock gained 3.70% in the past year, while it has gained 20.12% so far this year. A look at the trailing 12-month EPS for Z yields -0.67 with Next year EPS estimates of 1.43. For the next quarter, that number is 0.12. This implies an EPS growth rate of -24.17% for this year and 20.37% for next year. EPS is expected to grow by 6.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.81%.
Float and Shares Shorts:
At present, 170.56 million Z shares are outstanding with a float of 153.66 million shares on hand for trading. On Oct 30, 2023, short shares totaled 16.48 million, which was 7.05% higher than short shares on Sep 28, 2023. In addition to Mr. Lloyd D. Frink as the firm’s Co-Founder, Executive Chairman & President, Mr. Richard N. Barton serves as its Co-Founder, CEO & Director.
Institutional Ownership:
Through their ownership of 96.38% of Z’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 62.27% of Z, in contrast to 37.02% held by mutual funds. Shares owned by individuals account for 11.18%. As the largest shareholder in Z with 21.42% of the stake, Caledonia holds 36,394,056 shares worth 36,394,056. A second-largest stockholder of Z, The Vanguard Group, Inc., holds 22,430,647 shares, controlling over 13.20% of the firm’s shares. Independent Franchise Partners LL is the third largest shareholder in Z, holding 13,623,271 shares or 8.02% stake. With a 3.73% stake in Z, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 6,338,192 shares are owned by the mutual fund manager. The American Funds Growth Fund of Ame, which owns about 2.90% of Z stock, is the second-largest Mutual Fund holder. It holds 4,931,280 shares valued at 178.76 million. Vanguard Total Stock Market ETF holds 2.89% of the stake in Z, owning 4,912,691 shares worth 178.09 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for Z since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With Z analysts setting a high price target of $59.00 and a low target of $32.00, the average target price over the next 12 months is $46.60. Based on these targets, Z could surge 52.49% to reach the target high and fall by -17.29% to reach the target low. Reaching the average price target will result in a growth of 20.44% from current levels.
Summary of Insider Activity:
Insiders traded Z stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 19,000 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 76 over the past year. The total number of shares bought during that period was 533,261 while 286,906 shares were sold.
