Wedbush Reiterates “Outperform” Rating for Zillow Group (NASDAQ:Z)

Zillow Group (NASDAQ:Z)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a report issued on Wednesday,Benzinga reports. They presently have a $100.00 price target on the financial services provider’s stock. Wedbush’s price target would indicate a potential upside of 27.05% from the company’s current price.

Z has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday. Bank of America upped their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Morgan Stanley upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $78.71 on Wednesday. The company has a 50 day moving average of $78.73 and a 200 day moving average of $68.13. The stock has a market cap of $18.38 billion, a P/E ratio of -138.09, a P/E/G ratio of 16.20 and a beta of 2.03. Zillow Group has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, sell-side analysts forecast that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares of the company’s stock, valued at approximately $1,672,908.23. This represents a 42.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,773 shares of company stock valued at $5,383,314. 23.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 116 shares during the period. Independent Advisor Alliance lifted its stake in shares of Zillow Group by 3.4% in the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 120 shares during the period. Blue Trust Inc. lifted its stake in shares of Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of Zillow Group by 2.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 148 shares during the period. Finally, Brighton Jones LLC lifted its stake in shares of Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 166 shares during the period. Institutional investors own 71.01% of the company’s stock.

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.