Weiss Ratings Reaffirms "Sell (D-)" Rating for Zillow Group (NASDAQ:Z)

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for Zillow Group despite recent mixed reviews from other analysts.
• Zillow Group's stock has seen significant insider selling, with key executives offloading substantial shares valued at over $56 million in the last three months.
• The company currently holds a Moderate Buy average rating from analysts, with a consensus target price of $90.43.

Zillow Group (NASDAQ:Z - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on the stock. Mizuho raised shares of Zillow Group to a "strong-buy" rating in a research report on Monday, September 29th. Oppenheimer assumed coverage on shares of Zillow Group in a research report on Monday, October 6th. They set a "market perform" rating for the company. Bank of America boosted their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Gordon Haskett raised shares of Zillow Group to a "strong-buy" rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.43.

Zillow Group Trading Up 0.4%

NASDAQ:Z traded up $0.33 during trading hours on Friday, reaching $78.37. The company had a trading volume of 1,375,341 shares, compared to its average volume of 2,710,989. Zillow Group has a 52 week low of $57.00 and a 52 week high of $93.88. The firm's 50 day moving average price is $80.82 and its 200-day moving average price is $74.48. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of -301.58, a PEG ratio of 26.46 and a beta of 2.13.

Insider Buying and Selling

In other Zillow Group news, insider Dan Spaulding sold 100,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $85.91, for a total value of $8,591,000.00. Following the sale, the insider owned 68,889 shares in the company, valued at $5,918,253.99. The trade was a 59.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO David A. Beitel sold 22,510 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the completion of the sale, the chief technology officer owned 144,549 shares in the company, valued at approximately $13,149,622.53. The trade was a 13.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 657,087 shares of company stock worth $56,286,479 in the last three months. Corporate insiders own 25.03% of the company's stock.

Institutional Trading of Zillow Group

Several hedge funds have recently made changes to their positions in Z. GAMMA Investing LLC raised its position in shares of Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after buying an additional 196 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Zillow Group by 28.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,618 shares of the financial services provider's stock valued at $797,000 after buying an additional 2,585 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Zillow Group by 77.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,237 shares of the financial services provider's stock valued at $428,000 after buying an additional 2,729 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Zillow Group by 5.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 59,362 shares of the financial services provider's stock valued at $4,070,000 after buying an additional 3,116 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Zillow Group by 59.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 309,170 shares of the financial services provider's stock valued at $21,197,000 after buying an additional 114,853 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Company Profile

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.

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