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

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

Z has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley lifted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,838 shares of company stock valued at $4,617,389. 23.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently modified their holdings of Z. Blue Trust Inc. increased its holdings in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after buying an additional 313 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Zillow Group in the 4th quarter worth $55,000. Assetmark Inc. raised its holdings in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 741 shares during the period. Brooklyn Investment Group bought a new position in Zillow Group in the 3rd quarter worth $74,000. Finally, Smartleaf Asset Management LLC lifted its position in Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 367 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Down 4.4 %

Shares of NASDAQ:Z opened at $74.91 on Monday. The business’s 50 day moving average is $78.39 and its 200 day moving average is $69.93. Zillow Group has a 12-month low of $38.45 and a 12-month high of $89.39. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of -159.38, a PEG ratio of 9.24 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last posted its earnings results 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 return on equity of 2.12% and a negative net margin of 5.01%. As a group, equities research analysts expect that Zillow Group will post 0.32 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.