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

Shares of Zillow Group, Inc. (NASDAQ:Z) have received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $82.00.

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

Zillow Group Stock Performance

Shares of Z stock opened at $76.66 on Monday. The stock’s fifty day moving average price is $78.27 and its two-hundred day moving average price is $70.81. The company has a market cap of $18.59 billion, a PE ratio of -163.11, a P/E/G ratio of 9.24 and a beta of 2.03. Zillow Group has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. On average, equities analysts predict that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,098 shares of company stock valued at $3,611,337 in the last three months. Insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Several large investors have recently made changes to their positions in Z. Creative Planning grew its stake in shares of Zillow Group by 3.0% in the 3rd quarter. Creative Planning now owns 19,139 shares of the financial services provider’s stock valued at $1,222,000 after buying an additional 558 shares during the period. Blue Trust Inc. boosted its stake in Zillow Group by 66.3% during 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. Private Advisor Group LLC acquired a new position in Zillow Group during the 3rd quarter valued at about $204,000. International Assets Investment Management LLC boosted its stake in Zillow Group by 8,162.8% during the 3rd quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock valued at $15,732,000 after purchasing an additional 243,415 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Zillow Group during the 3rd quarter valued at about $301,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.