Zillow Group, Inc. (NASDAQ:Z) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Zillow Group, Inc. (NASDAQ:Z - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $83.71.

A number of equities analysts recently weighed in on Z shares. Deutsche Bank Aktiengesellschaft boosted 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, February 11th. Wedbush reiterated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a report on Monday, May 5th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th.

Zillow Group Stock Down 0.6%

Shares of NASDAQ Z traded down $0.41 during trading on Wednesday, hitting $69.80. The company had a trading volume of 1,459,979 shares, compared to its average volume of 3,184,589. The stock has a fifty day simple moving average of $66.29 and a two-hundred day simple moving average of $73.75. Zillow Group has a fifty-two week low of $41.29 and a fifty-two week high of $89.39. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of -148.51, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23.

Insider Activity

In related news, CAO Jennifer Rock sold 5,997 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the sale, the chief accounting officer now owns 58,320 shares in the company, valued at $3,969,259.20. This represents a 9.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 1,154 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total transaction of $79,325.96. Following the sale, the general counsel now owns 50,681 shares of the company's stock, valued at approximately $3,483,811.94. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,741 shares of company stock worth $7,114,134. Corporate insiders own 25.03% of the company's stock.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Zillow Group in the 1st quarter valued at about $828,000. Belpointe Asset Management LLC purchased a new position in shares of Zillow Group in the 1st quarter valued at about $691,000. Fortis Capital Advisors LLC purchased a new position in shares of Zillow Group in the 1st quarter valued at about $691,000. Intech Investment Management LLC increased its holdings in shares of Zillow Group by 21.7% in the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider's stock valued at $1,407,000 after purchasing an additional 3,653 shares in the last quarter. Finally, SCS Capital Management LLC purchased a new position in shares of Zillow Group in the 1st quarter valued at about $440,000. Hedge funds and other 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.