Zillow Group, Inc. (NASDAQ:Z) Given Average Recommendation of "Hold" by Analysts

Key Points

• Consensus "Hold": Thirteen analysts rate Zillow a consensus Hold (1 sell, 7 hold, 3 buy, 2 strong buy) with an average 12‑month price target of $90.60.
• Insider selling: Insiders — including CEO Jeremy Wacksman and Dan Spaulding — sold shares on Feb. 17, and insiders have disposed of 60,801 shares worth $2.68M in the past three months while retaining 25.03% ownership.
• Recent results and stock profile: Zillow missed EPS ($0.39 vs. $0.42 est.) on $654M revenue; the stock trades near $45.41 (52‑week range $39.05–$93.88), has a $10.9B market cap and a very high P/E (~505), reflecting valuation sensitivity to earnings.

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $90.60.

Z has been the topic of a number of research analyst reports. Barclays raised shares of Zillow Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 29th. Mizuho lowered shares of Zillow Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 8th. Zelman & Associates upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 12th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 11th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Zillow Group in a report on Wednesday, January 21st.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 5,361 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the completion of the transaction, the insider owned 41,080 shares in the company, valued at $1,805,466. This trade represents a 11.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeremy Wacksman sold 13,661 shares of Zillow Group stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the sale, the chief executive officer owned 116,322 shares in the company, valued at $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 60,801 shares of company stock worth $2,683,986. 25.03% of the stock is owned by insiders.

Institutional Trading of Zillow Group

Hedge funds have recently modified their holdings of the business. M&T Bank Corp purchased a new stake in shares of Zillow Group in the 4th quarter worth about $196,677,000. Scge Management L.P. purchased a new position in Zillow Group during the 3rd quarter valued at about $133,990,000. L1 Capital Pty Ltd lifted its position in Zillow Group by 24,803.7% during the 4th quarter. L1 Capital Pty Ltd now owns 1,729,313 shares of the financial services provider's stock valued at $117,974,000 after acquiring an additional 1,722,369 shares during the period. Soma Equity Partners LP boosted its stake in Zillow Group by 389.5% during the third quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider's stock worth $113,147,000 after acquiring an additional 1,168,492 shares in the last quarter. Finally, Amundi grew its holdings in Zillow Group by 183.8% in the fourth quarter. Amundi now owns 1,632,369 shares of the financial services provider's stock worth $111,360,000 after purchasing an additional 1,057,192 shares during the period. Institutional investors own 71.01% of the company's stock.

Zillow Group Stock Performance

Shares of Z stock opened at $45.41 on Friday. Zillow Group has a fifty-two week low of $39.05 and a fifty-two week high of $93.88. The firm has a market cap of $10.90 billion, a P/E ratio of 504.61, a P/E/G ratio of 2.19 and a beta of 2.14. The business's 50 day moving average price is $43.70 and its 200-day moving average price is $60.24.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The business had revenue of $654.00 million for the quarter, compared to the consensus estimate of $650.40 million. As a group, equities analysts predict that Zillow Group will post 0.82 EPS for the current year.

About Zillow Group

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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