Zillow Group, Inc. (NASDAQ:Z) Given Consensus Rating of "Moderate Buy" by Analysts

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) has received an average rating of "Moderate Buy" from the ten brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $70.33.

A number of analysts recently weighed in on Z shares. UBS Group raised shares of Zillow Group to a "strong-buy" rating in a research note on Thursday, August 8th. Bank of America increased their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Morgan Stanley lifted their price target on shares of Zillow Group from $46.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. Finally, Cantor Fitzgerald raised Zillow Group to a "hold" rating in a report on Thursday, September 5th.

Zillow Group Stock Performance

Z stock traded down $1.27 on Friday, reaching $73.04. 2,931,786 shares of the company were exchanged, compared to its average volume of 3,452,363. The firm has a market capitalization of $16.90 billion, a PE ratio of -128.14 and a beta of 1.95. Zillow Group has a 12 month low of $37.63 and a 12 month high of $76.69. The stock's fifty day moving average price is $63.61 and its 200 day moving average price is $53.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Insider Transactions at Zillow Group

In other news, Director Thielke Claire Cormier sold 2,826 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the sale, the director now directly owns 2,826 shares in the company, valued at $172,696.86. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeremy Wacksman sold 9,136 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.22, for a total value of $668,937.92. Following the transaction, the chief executive officer now owns 152,542 shares of the company's stock, valued at approximately $11,169,125.24. The trade was a 5.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,069 shares of company stock valued at $9,569,415 over the last 90 days. 23.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several hedge funds have recently modified their holdings of the stock. abrdn plc increased its holdings 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 buying an additional 24,247 shares during the last quarter. Prudential PLC bought a new stake in shares of Zillow Group in the 2nd quarter valued at about $474,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Zillow Group by 32.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider's stock valued at $4,158,000 after purchasing an additional 20,729 shares during the period. Empowered Funds LLC lifted its stake in Zillow Group by 14.6% in the 1st quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider's stock valued at $232,000 after purchasing an additional 606 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Zillow Group during the third quarter worth approximately $1,370,000. Institutional investors own 71.01% of the company's stock.

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.