Zillow Group, Inc. (NASDAQ:Z) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z) have been given a consensus rating of “Moderate Buy” by the four analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $58.75.

Z has been the topic of several research analyst reports. Jefferies Financial Group raised their price target on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th.

Insiders Place Their Bets

In other news, General Counsel Bradley D. Owens sold 966 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total transaction of $56,037.66. Following the sale, the general counsel now directly owns 17,181 shares of the company’s stock, valued at $996,669.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Bradley D. Owens sold 966 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $56,037.66. Following the transaction, the general counsel now owns 17,181 shares in the company, valued at $996,669.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeremy Wacksman sold 2,704 shares of Zillow Group stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $156,859.04. Following the completion of the sale, the chief operating officer now owns 71,261 shares of the company’s stock, valued at $4,133,850.61. The disclosure for this sale can be found here. Insiders have sold a total of 171,289 shares of company stock valued at $9,642,508 in the last 90 days. 23.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its stake in Zillow Group by 203.1% in the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after purchasing an additional 2,312,241 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Zillow Group by 7,507.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider’s stock valued at $55,301,000 after buying an additional 1,118,782 shares in the last quarter. Norges Bank acquired a new stake in Zillow Group during the 4th quarter worth $34,718,000. Ninety One UK Ltd lifted its holdings in Zillow Group by 29.4% during the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock worth $109,898,000 after acquiring an additional 431,070 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Zillow Group by 688.9% in the third quarter. Nordea Investment Management AB now owns 426,611 shares of the financial services provider’s stock valued at $19,910,000 after acquiring an additional 372,532 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Down 0.0 %

Shares of Z stock opened at $43.65 on Tuesday. The stock’s 50 day simple moving average is $49.54 and its 200 day simple moving average is $48.96. Zillow Group has a twelve month low of $33.80 and a twelve month high of $61.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of -64.19 and a beta of 1.75.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The business had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. As a group, research analysts predict that Zillow Group will post -0.15 EPS for the current year.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.