Zillow shares jump as buyback expansion and improving housing affordability data lift sentiment

Zillow Group (Z) is up 6.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move higher appears tied to renewed optimism around Zillow’s capital return plans after it expanded its share repurchase authorization earlier this month, alongside recent company-published housing data pointing to improving affordability. With the stock still well below prior highs, buyback-related support and a modest “rates-sensitive” real estate sentiment bid could be amplifying the upside.

Details:

On March 5, 2026, Zillow’s board authorized an additional $1.25 billion for share repurchases, lifting remaining repurchase capacity to about $1.3 billion as of March 4.

The company disclosed that from Jan. 1 through March 4, 2026 it repurchased 3.8 million Class A shares and 9.7 million Class C shares for a combined $626 million.

In a February 23, 2026 housing affordability analysis, Zillow estimated a median-income household’s buying power rose by about $30,302 year over year, helped by lower mortgage rates and higher incomes.

In a March 4, 2026 market update, Zillow highlighted improving affordability conditions heading into spring, which could support transaction activity that benefits its marketplace, rentals, and mortgage attach opportunities.

Sources:

PR Newswire, Zillow Investor Relations, Nasdaq

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 249 institutional investors add shares of $Z stock to their portfolio, and 295 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 3,916,306 shares (-30.4%) from their portfolio in Q4 2025, for an estimated $267,170,395
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 2,801,236 shares (-75.9%) from their portfolio in Q4 2025, for an estimated $191,100,319
M&T BANK CORP added 2,679,727 shares (+inf%) to their portfolio in Q4 2025, for an estimated $182,810,975
L1 CAPITAL PTY LTD added 1,722,369 shares (+24803.7%) to their portfolio in Q4 2025, for an estimated $117,500,013
POINT72 ASSET MANAGEMENT, L.P. removed 1,155,409 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $78,822,001
BANK OF AMERICA CORP /DE/ added 1,085,369 shares (+158.6%) to their portfolio in Q4 2025, for an estimated $74,043,873
AMUNDI added 1,057,192 shares (+183.8%) to their portfolio in Q4 2025, for an estimated $72,121,638

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$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 10/31/2025

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 $77.5.

Here are some recent targets:

Ryan Tomasello from Keefe, Bruyette & Woods set a target price of $60.0 on 02/11/2026
Dae Lee from JP Morgan set a target price of $95.0 on 10/31/2025

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.