Zillow Group Inc (NASDAQ:Z) shares traded 13.31% higher at $48.51 on Wall Street last session.
Z stock price is now 12.68% away from the 50-day moving average and 1.84% away from the 200-day moving average. The market capitalization of the company currently stands at $11.46B.
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, while ‘Standpoint Research’ rates the stock as ‘Hold’
In other news, Daimler Susan, President of Zillow sold 5,907 shares of the company’s stock on Jun 12 ’24. The stock was sold for $282,011 at an average price of $47.74. Upon completion of the transaction, the President of Zillow now directly owns 29,665 shares in the company, valued at $1.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, Director Hoag Jay C bought 521,170 shares of the business’s stock. A total of $22,448,877 was incurred on buying the stock at an average price of $43.07. This leaves the insider owning 1,525,612 shares of the company worth $74.01 million. A total of 33.49% of the company’s stock is owned by insiders.
During the past 12 months, Zillow Group Inc has had a low of $33.80 and a high of $61.13. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 3.32, and a quick ratio of 3.32. The fifty day moving average price for Z is $43.0516 and a two-hundred day moving average price translates $47.63235 for the stock.
The latest earnings results from Zillow Group Inc (NASDAQ: Z) was released for 2024-03-31. The net profit margin was -7.93% and return on equity was -3.46% for Z. The company reported revenue of $529.0 million for the quarter, compared to $469.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.79 percent.
Zillow Group Inc(Z) Company Profile
Zillow Group, Inc. operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services. In addition, the company’s brand portfolio includes Zillow Premier Agent, Zillow Home Loans, Zillow Rentals, Trulia, StreetEasy, HotPads, and Out East; and a suite of marketing software and technology solutions for the real estate industry, including ShowingTime+, Spruce, and Follow Up Boss. Zillow Group, Inc. was incorporated in 2004 and is headquartered in Seattle, Washington.
