Zillow officer sells off some of the company's stock

March 28, 2020
Share this Post: 

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 news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Short Term Rentlas Airbnb Oyo Jll
Short Term Rentals Roundup: Airbnb Appointment, OYO IPO and a New Rival

There have been a few important pieces of news coming from the world of short-term and vacation rentals this week....

Read More
Zillow Housing Data
Zillow in Legal Battle for Cheap Local Housing Data

American real estate giant Zillow is backing proposed legislation in Michigan which would significantly reduce the cost of procuring property...

Read More
Prosus Trying To Buy Cian
Prosus Owned Horizontal Avito Reportedly Close To Acquiring Leading Property Vertical Cian

According to reports in Russia, leading horizontal player Avito is trying to buy leading real estate marketplace company Cian.ru. According...

Read More
Adevinta Fintech With Marketplaces Report
The Future is Pairing Fintech with Marketplaces According to New Adevinta Report

The returns of fintech enabled marketplace businesses are far superior to those of marketplaces without fintech capabilities according to a...

Read More

Popular News