Shares of Zillow Group, Inc. (NASDAQ:Z - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $66.75.
Several equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Zillow Group in a research report on Wednesday, August 19th. Morgan Stanley set a $60.00 target price on Zillow Group in a report on Thursday, August 6th. Jefferies Financial Group reduced their price target on Zillow Group from $75.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen cut Zillow Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Evercore downgraded shares of Zillow Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th.
Get Our Latest Stock Report on Z
Zillow Group Trading Up 1.4%
NASDAQ:Z opened at $35.43 on Friday. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 161.05, a PEG ratio of 1.52 and a beta of 1.98. The firm's fifty day simple moving average is $33.33 and its 200 day simple moving average is $38.57. Zillow Group has a twelve month low of $29.23 and a twelve month high of $93.88.
Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.The firm had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.10 million. On average, analysts predict that Zillow Group will post 0.89 earnings per share for the current year.
Insider Buying and Selling at Zillow Group
In related news, insider Errol G. Samuelson sold 3,154 shares of Zillow Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $34.24, for a total transaction of $107,992.96. Following the sale, the insider owned 130,885 shares of the company's stock, valued at $4,481,502.40. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jennifer Rock sold 990 shares of the business's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $34.24, for a total transaction of $33,897.60. Following the completion of the transaction, the chief accounting officer owned 58,752 shares in the company, valued at $2,011,668.48. This represents a 1.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 37,351 shares of company stock worth $1,280,657. 25.03% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of Z. Empowered Funds LLC grew its stake in Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider's stock valued at $262,000 after purchasing an additional 171 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Zillow Group by 3.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,550 shares of the financial services provider's stock valued at $515,000 after purchasing an additional 220 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Zillow Group by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,410 shares of the financial services provider's stock valued at $4,269,000 after buying an additional 259 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Zillow Group by 7.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 4,194 shares of the financial services provider's stock valued at $286,000 after buying an additional 281 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Zillow Group by 34.5% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider's stock valued at $80,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.
About Zillow Group
(
Get Free Report)
Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company's platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.
Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company's automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.
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