Zillow Stock Rises After $1.25B Share Buyback Authorization

Core Viewpoint - Zillow Group, Inc. has announced a $1.25 billion share buyback plan, reflecting confidence in its financial strategy and growth potential [1][2][3] Group 1: Share Buyback Details - The newly authorized buyback plan amounts to $1.25 billion, with Zillow having approximately $1.3 billion remaining for future repurchases [2] - From January 1 to March 4, Zillow repurchased 3.8 million shares of Class A common stock at an average price of $47.84 per share and 9.7 million shares of Class C capital stock at an average price of $45.92 per share, totaling $626 million [2] - Since 2021, Zillow has repurchased approximately $3.3 billion of stock at an average price of $49 per share, totaling 66.7 million shares [3] Group 2: Stock Performance - Following the announcement, Zillow shares are trading 4.02% higher at $47.66 [4]