Zillow Group (NASDAQ:Z) Receives “Outperform” Rating from Wedbush

Zillow Group (NASDAQ:Z)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $100.00 price objective on the financial services provider’s stock. Wedbush’s target price suggests a potential upside of 27.05% from the company’s current price.

Several other equities research analysts have also issued reports on Z. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Jefferies Financial Group increased their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Zillow Group Trading Up 0.6 %

Zillow Group stock opened at $78.71 on Wednesday. The firm has a 50 day moving average of $78.73 and a 200 day moving average of $68.13. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of -138.09, a P/E/G ratio of 16.20 and a beta of 2.03. Zillow Group has a 12-month low of $38.45 and a 12-month high of $89.39. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. As a group, research analysts predict that Zillow Group will post -0.42 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 3,033 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the sale, the chief accounting officer now owns 57,166 shares in the company, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,773 shares of company stock worth $5,383,314. Insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of Z. Sanctuary Advisors LLC bought a new position in Zillow Group during the second quarter valued at $319,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. Creative Planning increased its position in Zillow Group by 3.0% during the third quarter. Creative Planning now owns 19,139 shares of the financial services provider’s stock valued at $1,222,000 after acquiring an additional 558 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in Zillow Group during the third quarter valued at $213,000. Finally, Armstrong Fleming & Moore Inc purchased a new stake in shares of Zillow Group during the third quarter valued at $240,000. Institutional investors own 71.01% of the company’s stock.

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.