Zillow Group (NASDAQ:Z) Earns “Hold” Rating from Needham & Company LLC

Zillow Group (NASDAQ:Z)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports.

Several other research firms have also commented on Z. Bank of America upped their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Zillow Group currently 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. Zillow Group has a twelve month low of $38.45 and a twelve month high of $89.39. The company’s 50 day moving average is $78.73 and its 200 day moving average is $68.13. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a market cap of $18.38 billion, a PE ratio of -138.09, a price-to-earnings-growth ratio of 16.20 and a beta of 2.03.

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

Insider Activity

In other Zillow Group news, COO Jun Choo sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.10, for a total value of $751,000.00. Following the transaction, the chief operating officer now owns 88,130 shares in the company, valued at approximately $6,618,563. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 17,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the completion of the transaction, the insider now owns 22,739 shares in the company, valued at $1,672,908.23. The trade was a 42.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,773 shares of company stock worth $5,383,314 in the last quarter. Corporate insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in Z. Canada Pension Plan Investment Board increased its stake in shares of Zillow Group by 12.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 214,600 shares of the financial services provider’s stock worth $15,891,000 after acquiring an additional 23,400 shares during the last quarter. Bridgewater Associates LP increased its stake in shares of Zillow Group by 38.3% in the 4th quarter. Bridgewater Associates LP now owns 724,532 shares of the financial services provider’s stock worth $53,652,000 after acquiring an additional 200,760 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Zillow Group in the 4th quarter worth $245,000. XTX Topco Ltd increased its stake in shares of Zillow Group by 10.6% in the 4th quarter. XTX Topco Ltd now owns 15,575 shares of the financial services provider’s stock worth $1,153,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of Zillow Group by 19.9% in the 4th quarter. Mariner LLC now owns 17,475 shares of the financial services provider’s stock worth $1,294,000 after acquiring an additional 2,897 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.