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

Zillow Group, Inc. (NASDAQ:Z) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $82.00.

Z has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley boosted their target price on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd.

Zillow Group Trading Down 4.4 %

Shares of Z stock opened at $74.91 on Monday. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of -159.38, a price-to-earnings-growth ratio of 9.24 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 stock’s 50-day moving average price is $78.39 and its 200-day moving average price is $69.93.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data 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 2.12% and a negative net margin of 5.01%. As a group, research analysts predict that Zillow Group will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,838 shares of company stock worth $4,617,389 in the last three months. Corporate insiders own 23.76% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in Zillow Group in the fourth quarter valued at about $55,000. Assetmark Inc. increased its holdings in shares of Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 741 shares in the last quarter. Blue Trust Inc. raised its position in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 367 shares during the last quarter. Finally, Natixis acquired a new position in Zillow Group during the 4th quarter valued at approximately $80,000. 71.01% of the stock is currently owned by institutional investors.

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.