Zillow Group (NASDAQ:ZG) Shares Up 5.8% – Here’s What Happened

08 Oct 2026, 19:01 by Sarita Garza · The Markets Daily

Zillow Group, Inc. (NASDAQ:ZG – Get Free Report)’s stock price shot up 5.8% during mid-day trading on Thursday. The stock traded as high as $29.50 and last traded at $29.5910. 669,595 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 1,151,003 shares. The stock had previously closed at $27.97.

Wall Street Analyst Weigh In

Several research firms have weighed in on ZG. Wells Fargo & Company lowered their price objective on shares of Zillow Group from $46.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Zillow Group in a research report on Wednesday, August 19th. Canaccord Genuity Group reduced their price objective on shares of Zillow Group from $52.00 to $40.00 and set a “hold” rating for the company in a research report on Thursday, August 6th. Benchmark reaffirmed a “buy” rating on shares of Zillow Group in a report on Monday, August 24th. Finally, The Goldman Sachs Group decreased their price target on Zillow Group from $53.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.38.

Read Our Latest Stock Report on ZG

Zillow Group Stock Performance

The stock’s 50 day moving average is $33.24 and its 200 day moving average is $35.93. The company has a market capitalization of $6.64 billion, a PE ratio of 134.16, a PEG ratio of 1.23 and a beta of 2.02.

Zillow Group (NASDAQ:ZG – Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The business had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $758.25 million. During the same period in the prior year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities research analysts forecast that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 3,154 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $34.24, for a total transaction of $107,992.96. Following the transaction, the insider directly owned 130,885 shares in the company, valued at approximately $4,481,502.40. This represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO David A. Beitel sold 1,798 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $34.24, for a total value of $61,563.52. Following the transaction, the chief technology officer directly owned 133,013 shares in the company, valued at approximately $4,554,365.12. This represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 38,539 shares of company stock valued at $1,323,800 in the last three months. 29.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in Zillow Group by 183.6% during the first quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock valued at $41,000 after purchasing an additional 637 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Zillow Group by 4.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 15,433 shares of the technology company’s stock worth $639,000 after purchasing an additional 699 shares during the period. NewEdge Advisors LLC lifted its holdings in Zillow Group by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,071 shares of the technology company’s stock worth $458,000 after buying an additional 699 shares in the last quarter. Silvant Capital Management LLC raised its stake in Zillow Group by 1.6% in the fourth quarter. Silvant Capital Management LLC now owns 48,210 shares of the technology company’s stock valued at $3,289,000 after buying an additional 774 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Zillow Group during the 2nd quarter worth about $29,000. 20.32% of the stock is currently owned by institutional investors.

About Zillow Group

(Get Free Report)

Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms designed to help consumers buy, sell, rent and finance homes. Founded in 2006 and headquartered in Seattle, Washington, the company serves the U.S. residential real estate market through a portfolio of well-known brands.