Zillow Group, Inc. (NASDAQ:Z) Receives Average Rating of “Hold” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $56.20.

Z has been the topic of a number of research analyst reports. Wedbush reduced their target price on Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Jefferies Financial Group raised their price target on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd.

Insider Buying and Selling

In other Zillow Group news, insider Susan Daimler sold 4,931 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $44.29, for a total value of $218,393.99. Following the transaction, the insider now directly owns 19,556 shares in the company, valued at $866,135.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Zillow Group news, Director Amy Bohutinsky sold 93,750 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $56.69, for a total value of $5,314,687.50. Following the completion of the sale, the director now owns 5,652 shares of the company’s stock, valued at $320,411.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Daimler sold 4,931 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.29, for a total value of $218,393.99. Following the sale, the insider now directly owns 19,556 shares of the company’s stock, valued at $866,135.24. The disclosure for this sale can be found here. Insiders sold 166,560 shares of company stock valued at $8,829,931 over the last quarter. Corporate insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Swedbank AB bought a new position in Zillow Group during the first quarter worth about $9,103,000. Plato Investment Management Ltd boosted its stake in shares of Zillow Group by 1,336.8% in the 1st quarter. Plato Investment Management Ltd now owns 10,345 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 9,625 shares in the last quarter. SVB Wealth LLC acquired a new stake in Zillow Group in the first quarter valued at approximately $393,000. Price T Rowe Associates Inc. MD grew its position in Zillow Group by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,263 shares of the financial services provider’s stock worth $4,355,000 after acquiring an additional 4,830 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Zillow Group by 2.8% during the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock worth $431,519,000 after purchasing an additional 238,554 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Trading Down 0.5 %

Shares of Z stock opened at $39.67 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $9.37 billion, a P/E ratio of -57.49 and a beta of 1.79. The business’s 50 day moving average is $44.73 and its two-hundred day moving average is $49.28. Zillow Group has a twelve month low of $33.80 and a twelve month high of $61.13.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). The firm had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same quarter in the prior year, the business earned ($0.06) EPS. Equities analysts forecast that Zillow Group will post -0.18 EPS for the current 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.