Zillow Group, Inc. (NASDAQ:Z) Given Average Recommendation of "Moderate Buy" by Brokerages

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $82.00.

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Wedbush reissued an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley lifted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd.

Zillow Group Stock Down 0.1 %

NASDAQ:Z traded down $0.09 during mid-day trading on Friday, reaching $73.56. The company's stock had a trading volume of 2,660,537 shares, compared to its average volume of 3,312,191. The firm has a market capitalization of $17.84 billion, a PE ratio of -156.51, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. The stock has a fifty day moving average of $77.63 and a 200-day moving average of $72.74. Zillow Group has a 1 year low of $38.45 and a 1 year high of $89.39.

Remove Ads

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

Insider Buying and Selling

In related news, COO Jun Choo sold 1,277 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 $99,248.44. Following the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 over the last ninety days. Insiders own 23.76% of the company's stock.

Hedge Funds Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Zillow Group by 179.5% during the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock worth $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Ninety One UK Ltd lifted its position in Zillow Group by 3.2% during the fourth quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock worth $267,895,000 after acquiring an additional 111,231 shares during the last quarter. Dorsal Capital Management LP boosted its holdings in shares of Zillow Group by 4.7% during the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock worth $248,068,000 after acquiring an additional 150,000 shares during the period. Geode Capital Management LLC grew its position in shares of Zillow Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock valued at $212,745,000 after purchasing an additional 28,728 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Zillow Group by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock worth $114,109,000 after purchasing an additional 65,724 shares during the period. Institutional investors 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.