Zillow Group (NASDAQ:Z) Upgraded by Baird R W to Hold Rating

Zillow Group (NASDAQ:Z) was upgraded by equities researchers at Baird R W to a “hold” rating in a report issued on Friday,Zacks.com reports.

A number of other brokerages have also weighed in on Z. Bank of America raised their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, Morgan Stanley boosted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.83.

Zillow Group Price Performance

Z stock opened at $82.22 on Friday. The company has a market capitalization of $19.20 billion, a PE ratio of -144.25, a price-to-earnings-growth ratio of 11.21 and a beta of 2.02. The company’s fifty day moving average price is $78.64 and its 200-day moving average price is $66.11. Zillow Group has a one year low of $38.45 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Insider Buying and Selling

In other news, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the sale, the chief technology officer now owns 92 shares of the company’s stock, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Daimler sold 3,694 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. This trade represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock valued at $12,520,379 in the last ninety days. 23.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of 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 purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Zillow Group during the 3rd quarter valued at $35,000. Blue Trust Inc. increased its holdings 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 acquiring an additional 313 shares during the period. Brooklyn Investment Group bought a new position in shares of Zillow Group in the 3rd quarter worth $74,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 579 shares during the last quarter. Hedge funds and other 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.