Zillow Group, Inc. (NASDAQ:Z) Given Average Recommendation of “Moderate Buy” by Brokerages

Zillow Group, Inc. (NASDAQ:Z) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $82.00.

Several equities research analysts have recently weighed in on Z shares. Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Wedbush reiterated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares in the company, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,065 shares of company stock worth $7,660,165 over the last ninety days. 23.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in Zillow Group by 46.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,033 shares of the financial services provider’s stock valued at $669,000 after buying an additional 2,879 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in Zillow Group during the 4th quarter worth $3,646,000. Vident Advisory LLC bought a new stake in shares of Zillow Group in the 4th quarter valued at about $307,000. Tybourne Capital Management HK Ltd. bought a new stake in shares of Zillow Group in the 4th quarter valued at about $15,304,000. Finally, Tidal Investments LLC grew its position in Zillow Group by 411.8% during the 4th quarter. Tidal Investments LLC now owns 16,633 shares of the financial services provider’s stock worth $1,232,000 after purchasing an additional 13,383 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 0.1 %

Shares of Z opened at $73.56 on Friday. The stock’s 50 day moving average is $77.67 and its two-hundred day moving average is $72.88. Zillow Group has a 12 month low of $38.45 and a 12 month high of $89.39. The firm has a market cap of $17.84 billion, a P/E ratio of -156.51, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities research analysts forecast that Zillow Group will post 0.32 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.