Zillow officer sells off some of the company's stock

March 28, 2020

Zillow Group's Chief Industry Development Officer, Errol Samuelson, recently sold 5,397 shares of the company's stock at $37.82 for around $200,000.

The sale was revealed through a Securities and Exchange Commission filing and it leaves Samuelson with a remaining 77,891 shares. Several investment research firms have been lowering Zillow's target price while upgrading the stock's status to 'buy' in many cases. 

Overall the company has an average rating of 'hold' and an average target price of $53.50.

Zillow hasn't commented about the sale and it comes at a strange time for the industry. As the global COVID-19 pandemic puts all markets on alert it's never a positive sign to see an insider selling off a chunk of company stock.

Samuelson has been with Zillow Group since 2014 and before that was the President for Realtor.com. In his current position, Samuelson oversees Zillow's industry relations, new construction and advertising, and company-to-company product development.

 

March 28, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hemnet Building With Logo Editado
​Hemnet Delivers Strong Q1 Results Amidst Product Innovation and Market Momentum​

Sweden's leading property portal, Hemnet, has reported impressive financial results for the first quarter of 2025, showcasing the robust growth...

Read More
Product Update 2025Apr25 1
Product and Services Roundup: Loopnet, Finn.no, REA Group, Rightmove, Housing.com, AtHome.jp

This week's Product Roundup is flush with some of the biggest names in global real estate. We'll start in Europe,...

Read More
Offerpad Opendoor Stock 2
American iBuyers Opendoor and Offerpad Both Face Delisting From Stock Exchange

U.S.-based iBuying firm Offerpad has received a notice from the New York Stock Exchange regarding non-compliance with continued listing standards....

Read More
Untitled Design 9 3
Zillow Begins Rolling Back its Two-Tab Search Experience

Zillow has begun rolling out a major update to its search experience, moving away from a rule it once implemented...

Read More

Editor's Pick