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

Zillow Group, Inc. (NASDAQ:Z - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $83.71.

Several equities analysts have recently issued reports on Z shares. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research report on Monday, April 28th. Wedbush reissued an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. 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. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating for the company. Finally, Keefe, Bruyette & Woods decreased their target price on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th.

Zillow Group Stock Up 0.9%

Shares of Z stock traded up $0.76 during mid-day trading on Thursday, reaching $81.16. 1,929,159 shares of the company's stock traded hands, compared to its average volume of 2,633,474. Zillow Group has a 12 month low of $41.67 and a 12 month high of $89.39. The company has a market cap of $19.60 billion, a P/E ratio of -238.71, a P/E/G ratio of 14.88 and a beta of 2.11. The company's 50-day moving average price is $71.33 and its 200-day moving average price is $72.15.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 7,959 shares of Zillow Group stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $549,011.82. Following the transaction, the chief financial officer owned 97,481 shares in the company, valued at $6,724,239.38. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Errol G. Samuelson sold 6,962 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.63, for a total value of $477,802.06. Following the completion of the sale, the insider directly owned 135,674 shares of the company's stock, valued at approximately $9,311,306.62. This represents a 4.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,093 shares of company stock valued at $6,989,688 over the last three months. Corporate insiders own 25.03% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. TD Private Client Wealth LLC increased its position in shares of Zillow Group by 352.0% during the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider's stock worth $32,000 after purchasing an additional 352 shares in the last quarter. IFP Advisors Inc grew its holdings in Zillow Group by 288.9% in the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after buying an additional 338 shares in the last quarter. National Pension Service grew its holdings in Zillow Group by 74.8% in the 1st quarter. National Pension Service now owns 577 shares of the financial services provider's stock valued at $40,000 after buying an additional 247 shares in the last quarter. GAMMA Investing LLC grew its holdings in Zillow Group by 47.7% in 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. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Zillow Group in the 1st quarter valued at $49,000. 71.01% of the stock is owned by institutional investors and hedge funds.

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.