Analysts Set Zillow Group, Inc. (NASDAQ:Z) Target Price at $58.75

Zillow Group, Inc. (NASDAQ:Z) has received a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $58.75.

A number of brokerages recently weighed in on Z. JPMorgan Chase & Co. upped their target price on shares of Zillow Group from $46.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group upped their price target on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th.

Insider Activity

In other news, insider Dan Spaulding sold 3,086 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the sale, the insider now owns 48,294 shares of the company’s stock, valued at $2,801,052. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Dan Spaulding sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the transaction, the insider now owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradley D. Owens sold 966 shares of Zillow Group stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total transaction of $56,037.66. Following the sale, the general counsel now owns 17,181 shares of the company’s stock, valued at approximately $996,669.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,289 shares of company stock valued at $9,642,508. 15.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Zillow Group by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider’s stock valued at $1,166,953,000 after buying an additional 1,837,593 shares in the last quarter. FMR LLC raised its holdings in shares of Zillow Group by 203.1% in the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after purchasing an additional 2,312,241 shares in the last quarter. Eminence Capital LP raised its holdings in shares of Zillow Group by 11.9% in the 3rd quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider’s stock valued at $142,416,000 after purchasing an additional 329,191 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Zillow Group by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 2,687,165 shares of the financial services provider’s stock valued at $119,353,000 after purchasing an additional 66,732 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in shares of Zillow Group by 3.9% in the 4th quarter. Baillie Gifford & Co. now owns 2,480,990 shares of the financial services provider’s stock valued at $79,913,000 after purchasing an additional 93,363 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $47.22 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The firm has a fifty day moving average price of $53.59 and a 200 day moving average price of $49.07. Zillow Group has a fifty-two week low of $33.80 and a fifty-two week high of $61.13. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of -69.44 and a beta of 1.75.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The firm had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. As a group, sell-side analysts expect that Zillow Group will post -0.15 earnings per share for the current fiscal year.

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.