Zillow Group falls as higher mortgage rates pressure housing-linked stocks

Zillow Group (Z) is down 7.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a broad selloff in housing-related stocks as borrowing costs moved sharply higher, rather than a major new company-specific setback. This could be because investors are reacting to worsening affordability conditions that can slow home-shopping activity, lead generation, and transaction volumes across the housing ecosystem.

Details:

The average 30-year fixed mortgage rate rose to 7.12% in the latest weekly data, reaching its highest level in more than two years and adding pressure to housing demand.

The 10-year Treasury yield climbed above 5.1% on September 23, a level not seen since 2007, which weighed on rate-sensitive groups including real estate and housing-linked shares.

Zillow’s August market report, released earlier this month, showed home sales down 0.6% year over year and newly pending listings down 2.6%, with the company pointing to mortgage rates above 6.5% as the main drag.

A recent SEC filing was tied to a chief accounting officer retirement and successor appointment, and it stated the change was not due to a disagreement, suggesting today’s drop was more likely macro-driven than caused by that filing.

Sources:

Reuters, Zillow Group Investor Relations, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$Z Hedge Fund Activity

We have seen 203 institutional investors add shares of $Z stock to their portfolio, and 382 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TIGER GLOBAL MANAGEMENT LLC removed 6,056,957 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $190,915,284
QUBE RESEARCH & TECHNOLOGIES LTD added 3,548,740 shares (+1664.9%) to their portfolio in Q2 2026, for an estimated $111,856,284
STATE OF WISCONSIN INVESTMENT BOARD added 3,461,636 shares (+4109.0%) to their portfolio in Q2 2026, for an estimated $109,110,766
CONTOUR ASSET MANAGEMENT LLC removed 3,260,474 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $134,918,414
INDEPENDENT FRANCHISE PARTNERS LLP added 3,103,325 shares (+23.5%) to their portfolio in Q2 2026, for an estimated $97,816,804
DORSAL CAPITAL MANAGEMENT, LP removed 2,450,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $77,224,000
D. E. SHAW & CO., INC. added 2,405,776 shares (+3293.0%) to their portfolio in Q2 2026, for an estimated $75,830,059

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$Z Analyst Ratings

Wall Street analysts have issued reports on $Z in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 05/07/2026

To track analyst ratings and price targets for $Z, check out Quiver Quantitative's $Z forecast page.

$Z Price Targets

Multiple analysts have issued price targets for $Z recently. We have seen 2 analysts offer price targets for $Z in the last 6 months, with a median target of $63.0.

Here are some recent targets:

Ryan Tomasello from Keefe, Bruyette & Woods set a target price of $50.0 on 05/07/2026
Dae Lee from JP Morgan set a target price of $76.0 on 05/07/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.