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

Shares of Zillow Group, Inc. (NASDAQ:Z - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $72.83.

Several equities research analysts recently weighed in on the company. Morgan Stanley increased 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. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Thursday, November 7th. Bank of America increased their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd.

Zillow Group Stock Up 2.5 %

Z stock traded up $2.08 during midday trading on Thursday, reaching $84.78. 938,796 shares of the company were exchanged, compared to its average volume of 2,264,711. The stock's 50-day simple moving average is $78.64 and its 200 day simple moving average is $65.77. The company has a market cap of $19.80 billion, a price-to-earnings ratio of -148.75, a price-to-earnings-growth ratio of 10.72 and a beta of 2.02. Zillow Group has a 1-year low of $38.45 and a 1-year high of $86.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 3,033 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the transaction, the chief accounting officer now owns 57,166 shares in the company, valued at approximately $4,732,201.48. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now owns 31,739 shares of the company's stock, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,689 shares of company stock worth $10,395,879 over the last 90 days. 23.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zillow Group

A number of institutional investors have recently bought and sold shares of Z. AustralianSuper Pty Ltd acquired a new stake in Zillow Group in the 4th quarter valued at about $4,734,000. Asset Management One Co. Ltd. increased its holdings in shares of Zillow Group by 3.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 56,246 shares of the financial services provider's stock valued at $4,285,000 after purchasing an additional 2,075 shares in the last quarter. G&S Capital LLC bought a new position in Zillow Group in the 4th quarter worth approximately $1,082,000. True Vision MN LLC lifted its holdings in Zillow Group by 2.6% during the 4th quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider's stock worth $550,000 after buying an additional 186 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in Zillow Group by 3.9% during the 4th quarter. Summit Trail Advisors LLC now owns 9,233 shares of the financial services provider's stock worth $684,000 after buying an additional 348 shares in the last quarter. 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.