Zillow Group, Inc. (NASDAQ:Z) Given Average Recommendation of “Hold” by Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z) have received a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $56.20.

Several research firms recently weighed in on Z. Jefferies Financial Group lifted their target price on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Finally, Wedbush reduced their target price on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd.

Insider Transactions at Zillow Group

In other news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the transaction, the insider now owns 168,863 shares in the company, valued at approximately $8,375,604.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Susan Daimler sold 5,786 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total transaction of $255,856.92. Following the completion of the transaction, the insider now directly owns 35,572 shares in the company, valued at approximately $1,572,993.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares of the company’s stock, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. Insiders have sold a total of 64,260 shares of company stock worth $2,846,739 in the last 90 days. 23.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Zillow Group by 9.6% during the 3rd quarter. Van ECK Associates Corp now owns 4,715 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 412 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Zillow Group by 13.0% in the third quarter. Rafferty Asset Management LLC now owns 22,927 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 2,641 shares during the last quarter. Korea Investment CORP grew its stake in shares of Zillow Group by 157.8% in the third quarter. Korea Investment CORP now owns 36,881 shares of the financial services provider’s stock valued at $1,702,000 after buying an additional 22,576 shares in the last quarter. QRG Capital Management Inc. bought a new position in Zillow Group during the third quarter worth $2,023,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Zillow Group during the third quarter worth $348,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $49.02 on Wednesday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The company has a market cap of $11.58 billion, a P/E ratio of -71.04 and a beta of 1.95. Zillow Group has a 52 week low of $33.80 and a 52 week high of $61.13. The company has a 50-day moving average price of $43.00 and a 200 day moving average price of $49.88.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The company had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $509.30 million. During the same period last year, the business posted ($0.06) earnings per share. Research analysts predict that Zillow Group will post -0.4 earnings per share 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.