Zillow Group, Inc. (NASDAQ:Z) Receives $70.33 Consensus PT from Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z) have been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $70.33.

Z has been the subject of a number of research reports. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Jefferies Financial Group lifted their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Bank of America increased their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th.

Zillow Group Stock Down 0.5 %

Shares of Z stock opened at $79.93 on Wednesday. The stock’s fifty day moving average price is $71.22 and its 200 day moving average price is $58.55. Zillow Group has a 1-year low of $38.45 and a 1-year high of $86.88. The company has a market cap of $18.67 billion, a price-to-earnings ratio of -140.23 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Insiders Place Their Bets

In related news, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares in the company, valued at approximately $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the sale, the insider now owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,140 shares of company stock valued at $11,955,195 in the last ninety days. 23.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zillow Group

Institutional investors have recently bought and sold shares of the company. Synovus Financial Corp purchased a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $311,000. Chiron Investment Management LLC purchased a new position in Zillow Group in the third quarter valued at $1,291,000. Synergy Financial Group LTD purchased a new position in Zillow Group in the third quarter valued at $223,000. Groupama Asset Managment acquired a new stake in Zillow Group in the third quarter valued at $83,005,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Zillow Group by 15.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 45,760 shares of the financial services provider’s stock worth $2,922,000 after buying an additional 6,000 shares during the last quarter. 71.01% of the stock is 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.