Needham & Company LLC Reaffirms "Hold" Rating for Zillow Group (NASDAQ:Z)

Needham & Company LLC reaffirmed their hold rating on shares of Zillow Group (NASDAQ:Z - Free Report) in a report released on Thursday morning,Benzinga reports.

Other equities research analysts also recently issued reports about the stock. 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 report on Friday, October 18th. UBS Group raised shares of Zillow Group to a "strong-buy" rating in a research note on Thursday, August 8th. Wedbush upgraded Zillow Group from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Jefferies Financial Group increased their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a "hold" rating in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Zillow Group has an average rating of "Moderate Buy" and an average target price of $70.33.

Zillow Group Stock Performance

NASDAQ Z traded up $13.99 on Thursday, reaching $72.67. 7,989,751 shares of the stock were exchanged, compared to its average volume of 3,760,219. The firm has a market capitalization of $16.82 billion, a PE ratio of -116.16 and a beta of 1.95. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The company's 50-day simple moving average is $60.87 and its two-hundred day simple moving average is $51.60. Zillow Group has a one year low of $35.44 and a one year high of $73.13.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. The company had revenue of $572.00 million for the quarter, compared to analysts' expectations of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. Analysts expect that Zillow Group will post -0.33 EPS for the current fiscal year.

Insider Activity at Zillow Group

In related news, Director Thielke Claire Cormier sold 2,826 shares of Zillow Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the sale, the director now owns 2,826 shares of the company's stock, valued at approximately $172,696.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Amy Bohutinsky sold 20,625 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now owns 5,652 shares of the company's stock, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thielke Claire Cormier sold 2,826 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now owns 2,826 shares of the company's stock, valued at approximately $172,696.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,949 shares of company stock valued at $11,580,982. Corporate insiders own 23.76% of the company's stock.

Institutional Trading of Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in Z. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock worth $32,000 after buying an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Zillow Group during the 3rd quarter valued at about $35,000. Larson Financial Group LLC lifted its stake in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider's stock worth $28,000 after purchasing an additional 481 shares during the period. Blue Trust Inc. lifted its holdings in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock worth $50,000 after purchasing an additional 313 shares in the last quarter. Finally, Quarry LP purchased a new stake in Zillow Group during the 2nd quarter valued at $61,000. 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.