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Zillow Stock Rises After $1.25B Share Buyback Authorization

Zillow Stock Rises After $1.25B Share Buyback Authorization

FinvizFinviz2026/03/05 15:03
By:Finviz

Zillow Group, Inc. (NASDAQ:Z) shares are trading higher Thursday after the company announced a $1.25 billion buyback plan.

  • Zillow Group stock is showing upward bias. What’s next for Z stock?

Zillow Authorizes $1.25B Share Buyback

Following the authorization, Zillow said it has approximately $1.3 billion in remaining capacity for future share repurchases.

From Jan. 1 through March 4, Zillow repurchased 3.8 million shares of Class A common stock at a weighted average price of $47.84 per share and 9.7 million shares of Class C capital stock at a weighted average price of $45.92 per share, totaling $626 million.

"Our recent share repurchases and today's authorization reflect our continued confidence in our strategy, financial strength and long-term opportunity to drive sustainable profitable growth over time," said CFO Jeremy Hofmann.

Zillow said it has repurchased approximately $3.3 billion of stock since 2021 at a weighted average price of $49 per share, totaling 66.7 million shares.

Zillow Stock Climbs

Z Price Action: At the time of publication, Zillow shares are trading 4.02% higher at $47.66, according to data from Benzinga Pro.

Image Via Shutterstock

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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