Z
LONGINSIDER SELLZILLOW GROUP INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeZillow delivered mixed results with Q1 earnings beat but Q2 miss, coupled with a significant Q3 guidance cut (11% growth vs. 18% prior) that triggered a 13% stock drop and a downgraded 2026 housing outlook. While core Rentals and Mortgages segments show strong growth and new AI/product initiatives are gaining traction, the company faces mounting headwinds including a securities class action lawsuit, $36M restructuring charges, and a substantially slower purchase mortgage market that management now expects to decline low-to-mid single digits in 2026.
Red flags
- •Q3 2026 revenue guidance of $745M-$760M missed consensus by ~$13.6M (11% growth vs. expected mid-teens)
- •13% after-hours stock decline following guidance miss
- •Securities class action lawsuit alleging misrepresentation of Redfin 'partnership' and antitrust risk omissions
- •Significant $36M restructuring charge in Q2 (despite revenue beat) and $11M in incremental legal costs in Q1
- •Downgraded full-year housing market outlook to low-to-mid single-digit decline in purchase mortgage originations
- •Multiple analyst downgrades including Bernstein (Outperform to Market Perform) and Zacks (Strong Buy to Hold); price target cuts across the board
- •COO Jun Choo departure citing health reasons, suggesting potential operational transition risk
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Tiger Global | Chase Coleman | 7.4M | +1.3M | $305M | 1.3% | +22% | Existing |
| Coatue Management | Philippe Laffont | 740K | +740K | $31M | 0.2% | — | NEW |
| Point72 | Steve Cohen | 321K | +321K | $13M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where Z ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #19 of this fund's book
- 16TAKE-TWO INTERACTIVE SOFTWAR$395M
- 17APOLLO GLOBAL MGMT INC$367M
- 18REDDIT INC$337M
- 19ZILLOW GROUP INC$305M
- 20BLOCK INC$241M
- 21NETFLIX INC.$235M
- 22MERCADOLIBRE INC$233M
Values are quarter-end position sizes. Shown only for funds where Z ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Cormier Thielke Claire | — | SELL | 1K | $33.09 | $0.04M | 2026-08-11 | ↗ |
| BLACHFORD ERIK C | — | SELL | 791 | $34.80 | $0.03M | 2026-06-08 | ↗ |
| Wacksman Jeremy | Chief Executive Officer | SELL | 9K | $36.54 | $0.33M | 2026-05-22 | ↗ |
| Spaulding Dan | Chief People Officer | SELL | 3K | $37.40 | $0.12M | 2026-05-18 | ↗ |
| Hofmann Jeremy | Chief Financial Officer | SELL | 6K | $37.40 | $0.21M | 2026-05-18 | ↗ |
| Owens Bradley D. | General Counsel | SELL | 3K | $37.23 | $0.13M | 2026-05-15 | ↗ |
| Hofmann Jeremy | Chief Financial Officer | SELL | 3K | $37.86 | $0.13M | 2026-05-14 | ↗ |
| Hofmann Jeremy | Chief Financial Officer | SELL | 300 | $38.72 | $0.01M | 2026-05-14 | ↗ |
| Spaulding Dan | Chief People Officer | SELL | 150 | $38.74 | $0.01M | 2026-05-14 | ↗ |
| Wacksman Jeremy | Chief Executive Officer | SELL | 6K | $37.88 | $0.22M | 2026-05-14 | ↗ |
| Wacksman Jeremy | Chief Executive Officer | SELL | 300 | $38.69 | $0.01M | 2026-05-14 | ↗ |
| Choo Jun | Chief Operating Officer | SELL | 1K | $37.84 | $0.04M | 2026-05-14 | ↗ |
| Choo Jun | Chief Operating Officer | SELL | 145 | $38.76 | $0.01M | 2026-05-14 | ↗ |
| Beitel David A. | Chief Technology Officer | SELL | 2K | $37.86 | $0.07M | 2026-05-14 | ↗ |
| Beitel David A. | Chief Technology Officer | SELL | 150 | $38.74 | $0.01M | 2026-05-14 | ↗ |
| Rock Jennifer | Chief Accounting Officer | SELL | 974 | $37.95 | $0.04M | 2026-05-14 | ↗ |
| Rock Jennifer | Chief Accounting Officer | SELL | 60 | $38.72 | $0.00M | 2026-05-14 | ↗ |
| Samuelson Errol G | Chief Industry Dev. Officer | SELL | 3K | $37.92 | $0.10M | 2026-05-14 | ↗ |
| Samuelson Errol G | Chief Industry Dev. Officer | SELL | 200 | $38.70 | $0.01M | 2026-05-14 | ↗ |
| Owens Bradley D. | General Counsel | SELL | 2K | $37.83 | $0.07M | 2026-05-14 | ↗ |
| Owens Bradley D. | General Counsel | SELL | 290 | $38.61 | $0.01M | 2026-05-14 | ↗ |
| Spaulding Dan | Chief People Officer | SELL | 2K | $37.86 | $0.07M | 2026-05-14 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| FMR LLC | SC 13G/A | 9.0M | 4.8% | 2026-02-05 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.