Needham & Company LLC Reiterates 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 research report released on Wednesday,Benzinga reports.

Several other equities research analysts have also recently weighed in on Z. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Bank of America increased their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.00.

Zillow Group Stock Performance

Z stock traded up $1.26 during mid-day trading on Wednesday, reaching $79.97. 2,516,526 shares of the stock traded hands, compared to its average volume of 2,204,552. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group has a 52 week low of $38.45 and a 52 week high of $89.39. The business has a 50-day moving average of $78.64 and a two-hundred day moving average of $68.42. The firm has a market capitalization of $18.68 billion, a PE ratio of -140.30, a P/E/G ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. As a group, equities analysts predict that Zillow Group will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other news, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the transaction, the insider now directly owns 127,467 shares of the company's stock, valued at $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction on Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at approximately $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,838 shares of company stock valued at $6,619,079. 23.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zillow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. DoubleLine ETF Adviser LP raised its holdings in shares of Zillow Group by 1.5% during the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock worth $805,000 after acquiring an additional 163 shares during the period. Keel Point LLC increased its stake in Zillow Group by 1.7% in the 4th quarter. Keel Point LLC now owns 13,760 shares of the financial services provider's stock valued at $1,019,000 after buying an additional 234 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Zillow Group during the 4th quarter worth about $687,000. AQR Capital Management LLC lifted its position in Zillow Group by 652.1% during the 4th quarter. AQR Capital Management LLC now owns 131,015 shares of the financial services provider's stock worth $9,702,000 after buying an additional 113,594 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Zillow Group by 17.5% during the 4th quarter. Northern Trust Corp now owns 970,523 shares of the financial services provider's stock worth $71,867,000 after buying an additional 144,820 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.