Zillow Group (NASDAQ:Z) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Zillow Group (NASDAQ:Z) in a research note issued to investors on Thursday, Benzinga reports.

Several other brokerages also recently weighed in on Z. Jefferies Financial Group boosted their target price on Zillow Group from $70.00 to $75.00 and gave the stock a buy rating in a research note on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on Zillow Group from $46.00 to $65.00 and gave the stock an overweight rating in a research note on Friday, January 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $56.20.

Zillow Group Stock Up 2.1 %

NASDAQ:Z opened at $40.69 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.24 and a current ratio of 3.32. The stock has a market capitalization of $9.50 billion, a P/E ratio of -58.97 and a beta of 1.79. The company’s 50-day simple moving average is $48.55 and its 200-day simple moving average is $48.94. Zillow Group has a fifty-two week low of $33.80 and a fifty-two week high of $61.13.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. During the same quarter last year, the business earned ($0.06) earnings per share. On average, equities analysts anticipate that Zillow Group will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In related news, insider Susan Daimler sold 15,206 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $56.36, for a total value of $857,010.16. Following the sale, the insider now owns 36,148 shares in the company, valued at $2,037,301.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Zillow Group news, CAO Jennifer Rock sold 7,352 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total transaction of $421,196.08. Following the sale, the chief accounting officer now directly owns 56,384 shares of the company’s stock, valued at approximately $3,230,239.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Daimler sold 15,206 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $56.36, for a total value of $857,010.16. Following the completion of the transaction, the insider now directly owns 36,148 shares of the company’s stock, valued at approximately $2,037,301.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of Zillow Group in the fourth quarter worth about $9,983,000. FMR LLC raised its holdings in Zillow Group by 203.1% in the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after purchasing an additional 2,312,241 shares during the period. Hsbc Holdings PLC boosted its position in Zillow Group by 35.4% during the third quarter. Hsbc Holdings PLC now owns 261,547 shares of the financial services provider’s stock worth $12,103,000 after purchasing an additional 68,357 shares in the last quarter. Ninety One UK Ltd grew its holdings in Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after purchasing an additional 431,070 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Zillow Group in the third quarter valued at approximately $2,864,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Company Profile

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.