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

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) has earned an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $83.71.

A number of analysts recently commented on the company. William Blair assumed coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating for the company. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th.

Zillow Group Stock Performance

Shares of NASDAQ Z traded up $0.39 during mid-day trading on Friday, hitting $70.13. The stock had a trading volume of 73,641 shares, compared to its average volume of 2,635,860. The business has a 50 day moving average price of $67.97 and a two-hundred day moving average price of $72.17. Zillow Group has a 1 year low of $41.67 and a 1 year high of $89.39. The firm has a market cap of $16.93 billion, a P/E ratio of -206.19, a price-to-earnings-growth ratio of 12.88 and a beta of 2.13.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the transaction, the chief accounting officer now directly owns 58,320 shares of the company's stock, valued at $3,969,259.20. This represents a 9.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jun Choo sold 11,725 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the transaction, the chief operating officer now owns 130,186 shares of the company's stock, valued at approximately $8,952,891.22. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,093 shares of company stock valued at $6,989,688 over the last quarter. 23.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Zillow Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider's stock worth $1,548,767,000 after buying an additional 1,628,577 shares during the period. Independent Franchise Partners LLP raised its position in Zillow Group by 2.5% during the first quarter. Independent Franchise Partners LLP now owns 11,153,697 shares of the financial services provider's stock worth $764,697,000 after acquiring an additional 271,084 shares during the period. Ninety One UK Ltd lifted 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 purchasing an additional 411,742 shares in the last quarter. Dorsal Capital Management LP grew its position in shares of Zillow Group by 4.7% in the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock valued at $248,068,000 after purchasing an additional 150,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Zillow Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock worth $212,745,000 after purchasing an additional 28,728 shares in the last quarter. Institutional investors and hedge funds 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.