Zillow Group (NASDAQ:Z) Upgraded by Wells Fargo & Company to Hold Rating

Zillow Group (NASDAQ:Z - Get Free Report) was upgraded by Wells Fargo & Company to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a research report on Friday, March 28th. They issued a "market perform" rating and a $80.00 target price for the company. Morgan Stanley upped their target price 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. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.71.

Zillow Group Price Performance

Shares of Z stock remained flat at $67.33 during mid-day trading on Monday. 1,858,034 shares of the stock were exchanged, compared to its average volume of 3,326,692. Zillow Group has a twelve month low of $38.45 and a twelve month high of $89.39. The company has a market capitalization of $16.33 billion, a P/E ratio of -143.26, a P/E/G ratio of 9.24 and a beta of 2.19. The company has a fifty day moving average price of $68.70 and a 200 day moving average price of $73.25.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, research analysts forecast that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares of the company's stock, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,919 shares of company stock worth $5,744,978. 23.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of Z. Caxton Associates LP bought a new position in shares of Zillow Group during the 4th quarter valued at $51,835,000. Castle Hook Partners LP acquired a new position in Zillow Group in the 4th quarter valued at $49,887,000. Polar Capital Holdings Plc bought a new position in Zillow Group in the 4th quarter worth $33,504,000. Altimeter Capital Management LP lifted its position in Zillow Group by 52.0% during the 4th quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock worth $96,320,000 after acquiring an additional 445,158 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in Zillow Group by 11.4% during the first quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider's stock valued at $276,263,000 after acquiring an additional 411,742 shares during the period. Institutional investors own 71.01% of the company's stock.

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.