Wedbush Reiterates Outperform Rating for Zillow Group (NASDAQ:Z)

Wedbush restated their outperform rating on shares of Zillow Group (NASDAQ:Z - Free Report) in a research report report published on Wednesday,Benzinga reports. The firm currently has a $100.00 price target on the financial services provider's stock.

Several other research analysts have also weighed in on Z. Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. Jefferies Financial Group increased their target price on Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Bank of America boosted their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Finally, KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and an average target price of $82.00.

Zillow Group Stock Up 1.6 %

Shares of Z stock traded up $1.26 on Wednesday, reaching $79.97. 2,516,526 shares of the stock were exchanged, compared to its average volume of 2,204,552. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group has a one year low of $38.45 and a one year high of $89.39. The stock has a 50 day moving average price of $78.64 and a 200 day moving average price of $68.55.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates 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 anticipate that Zillow Group will post -0.42 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 17,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the completion of the sale, the insider now directly owns 22,739 shares in the company, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jun Choo sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total value of $751,000.00. Following the completion of the transaction, the chief operating officer now directly owns 88,130 shares in the company, valued at $6,618,563. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,838 shares of company stock worth $6,619,079. Insiders own 23.76% of the company's stock.

Institutional Trading of Zillow Group

Several hedge funds and other institutional investors have recently bought and sold shares of Z. abrdn plc lifted its position in Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider's stock worth $3,128,000 after purchasing an additional 24,247 shares during the period. IVY Lane Capital Management LLC boosted its position in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock worth $8,620,000 after acquiring an additional 35,000 shares in the last quarter. Donoghue Forlines LLC bought a new position in Zillow Group in the fourth quarter valued at approximately $1,932,000. Thrivent Financial for Lutherans acquired a new position in Zillow Group during the third quarter valued at approximately $6,267,000. Finally, Friedenthal Financial bought a new stake in Zillow Group during the fourth quarter worth $754,000. Institutional investors and hedge funds 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.