Zillow Group, Inc. (NASDAQ:Z) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $81.71.

Several equities analysts recently commented on Z shares. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Morgan Stanley boosted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a research note on Friday, March 28th. They issued a "market perform" rating and a $80.00 target price for the company. Finally, Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction that occurred 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 directly owns 127,467 shares in the company, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 over the last quarter. Corporate insiders own 23.76% of the company's stock.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds have recently added to or reduced their stakes in the company. Optas LLC increased its stake in shares of Zillow Group by 117.5% during the 1st quarter. Optas LLC now owns 12,205 shares of the financial services provider's stock worth $837,000 after purchasing an additional 6,594 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Zillow Group in the first quarter valued at $206,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Zillow Group by 28.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,618 shares of the financial services provider's stock valued at $797,000 after buying an additional 2,585 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Zillow Group by 425.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 348,629 shares of the financial services provider's stock valued at $23,902,000 after buying an additional 282,258 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Zillow Group by 221.1% during the 1st quarter. SG Americas Securities LLC now owns 67,321 shares of the financial services provider's stock worth $4,616,000 after acquiring an additional 46,355 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Zillow Group Stock Performance

Shares of Z traded up $0.10 during mid-day trading on Tuesday, hitting $62.57. The company's stock had a trading volume of 1,793,907 shares, compared to its average volume of 3,374,256. The stock's 50-day moving average is $71.07 and its two-hundred day moving average is $73.06. The firm has a market capitalization of $15.18 billion, a PE ratio of -133.13, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. Zillow Group has a one year low of $38.45 and a one year high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Analysts expect that Zillow Group will post 0.32 EPS for the current fiscal 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.