JPMorgan Chase & Co. Has Lowered Expectations for Zillow Group (NASDAQ:Z) Stock Price

Key Points

• JPMorgan cut its price target on Zillow to $76 (from $84) while keeping an "overweight" rating, a target that implies roughly a 74% upside from the stock's recent ~$43.68 level.
• The analyst picture is mixed — the street average is a "Hold" with a consensus target of $79.75, and the stock shows wide volatility and rich valuation (1‑year range $39.05–$93.88; P/E ~485).
• Insiders sold a total of 60,801 shares (~$2.68M) in the last three months, and headline risks — including securities‑class‑action inquiries and a ~3% traffic decline — could weigh on the stock despite recent operational momentum.

Zillow Group (NASDAQ:Z - Get Free Report) had its target price decreased by analysts at JPMorgan Chase & Co. from $84.00 to $76.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 73.99% from the company's current price.

Z has been the topic of a number of other reports. Barclays raised shares of Zillow Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods dropped their target price on shares of Zillow Group from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 11th. Zelman & Associates raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zillow Group in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $79.75.

Zillow Group Price Performance

Shares of Z traded down $0.85 during midday trading on Thursday, reaching $43.68. The stock had a trading volume of 7,135,970 shares, compared to its average volume of 4,102,103. Zillow Group has a 1-year low of $39.05 and a 1-year high of $93.88. The company's fifty day simple moving average is $43.70 and its two-hundred day simple moving average is $58.92. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 485.39, a PEG ratio of 2.13 and a beta of 2.07.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.03). The company had revenue of $654.00 million during the quarter, compared to analysts' expectations of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. On average, sell-side analysts forecast that Zillow Group will post 0.82 earnings per share for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,361 shares of the firm's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total transaction of $235,615.95. Following the transaction, the insider directly owned 41,080 shares of the company's stock, valued at approximately $1,805,466. This trade represents a 11.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeremy Wacksman sold 13,661 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the transaction, the chief executive officer directly owned 116,322 shares in the company, valued at $5,147,248.50. The trade was a 10.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 60,801 shares of company stock worth $2,683,986 in the last three months. Company insiders own 25.03% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Zillow Group by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,896,206 shares of the financial services provider's stock valued at $78,461,000 after acquiring an additional 338,803 shares in the last quarter. KBC Group NV boosted its holdings in shares of Zillow Group by 2.9% in the first quarter. KBC Group NV now owns 33,219 shares of the financial services provider's stock valued at $1,375,000 after acquiring an additional 951 shares in the last quarter. SEB Asset Management AB purchased a new stake in shares of Zillow Group in the first quarter valued at about $1,350,000. Swiss National Bank boosted its holdings in shares of Zillow Group by 7.2% in the first quarter. Swiss National Bank now owns 491,834 shares of the financial services provider's stock valued at $20,352,000 after acquiring an additional 33,200 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Zillow Group in the first quarter valued at about $203,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Q1 results beat expectations: Zillow reported ~$0.53 EPS and ~$708M revenue, topping consensus and showing solid growth across key businesses — a primary driver supporting the stock. Zillow (Z) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Operational momentum: rentals accelerated and mortgage originations nearly doubled; Zillow is pushing pre‑marketing initiatives to unlock growth, supporting longer‑term revenue diversification. Zillow bets on pre-marketing to unlock new growth
• Positive Sentiment: Company narrative around AI and workflow integration may buoy investor confidence in Zillow’s transformation toward higher‑margin services and product differentiation. Zillow Group leans into AI as revenue climbs 18% in flat housing market
• Neutral Sentiment: Keefe, Bruyette & Woods cut its price target to $50 from $60 and set a "market perform" rating — the PT still implies modest upside but reflects tempered near‑term expectations. Benzinga
• Neutral Sentiment: Guidance and outlook drove caution: Q2 revenue guidance of $750M–$765M sits around consensus, and commentary emphasized the outlook over the headline beat. That mixed guidance is why some analysts highlight near‑term downside despite the beat. Zillow Stock Slides After Earnings Beat. The Focus Is on the Outlook.
• Negative Sentiment: Legal risk: multiple law firms (Rosen, Pomerantz) have launched securities‑class‑action inquiries alleging potentially misleading disclosures — this increases headline risk and could pressure the stock. ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Zillow Group Inc. Investors to Inquire Pomerantz investor alert
• Negative Sentiment: Traffic fell (~3% decline to ~220M monthly unique users) which, coupled with cautious commentary on housing demand, explains investor concern that growth could re‑soften. Zillow Posts Higher Profit, Lower Traffic in First Quarter

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company's platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company's automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.