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

Zillow Group, Inc. (NASDAQ:Z) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $70.33.

A number of equities research analysts recently weighed in on Z shares. Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th.

Insider Buying and Selling at Zillow Group

In other news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the sale, the chief accounting officer now directly owns 79,694 shares in the company, valued at approximately $3,923,335.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,999 shares of company stock valued at $11,780,363 in the last 90 days. 23.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in Z. Concord Wealth Partners bought a new stake in Zillow Group during the 1st quarter worth about $26,000. Larson Financial Group LLC lifted its position in Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC acquired a new position in Zillow Group during the 3rd quarter valued at about $35,000. Finally, Fidelis Capital Partners LLC acquired a new position in Zillow Group during the 1st quarter valued at about $37,000. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 0.2 %

Shares of NASDAQ:Z opened at $59.65 on Tuesday. The company has a market cap of $14.09 billion, a P/E ratio of -86.45 and a beta of 1.95. The stock’s 50-day moving average is $60.19 and its 200-day moving average is $50.68. Zillow Group has a 52-week low of $33.80 and a 52-week high of $68.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.13. The company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. Equities research analysts predict that Zillow Group will post -0.33 earnings per share for the current year.

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.