Zillow Group, Inc. (NASDAQ:ZG) Given Average Rating of "Hold" by Brokerages

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) has earned a consensus recommendation of "Hold" from the twenty-three ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $82.45.

Several equities research analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. DA Davidson reaffirmed a "buy" rating and set a $85.00 target price on shares of Zillow Group in a research note on Friday. Benchmark reduced their price target on Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Barclays cut their price objective on Zillow Group from $64.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, May 8th.

Zillow Group Stock Down 0.1%

NASDAQ:ZG opened at $74.40 on Friday. The stock has a market cap of $17.96 billion, a PE ratio of -218.82, a P/E/G ratio of 13.74 and a beta of 2.09. The business's 50-day simple moving average is $68.99 and its two-hundred day simple moving average is $70.11. Zillow Group has a 52 week low of $40.30 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). Zillow Group had a negative return on equity of 1.62% and a negative net margin of 3.51%. The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. During the same period in the previous year, the firm earned $0.36 EPS. The business's revenue was up 13.0% compared to the same quarter last year. Sell-side analysts anticipate that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, CEO Jeremy Wacksman sold 10,984 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $757,676.32. Following the completion of the transaction, the chief executive officer owned 171,517 shares in the company, valued at $11,831,242.66. This trade represents a 6.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Hofmann sold 7,959 shares of the firm's 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 completion of the transaction, the chief financial officer owned 97,481 shares of the company's stock, valued at approximately $6,724,239.38. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,093 shares of company stock worth $6,989,688 over the last ninety days. 17.14% of the stock is currently owned by insiders.

Institutional Trading of Zillow Group

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in shares of Zillow Group by 8.0% during the second quarter. Public Employees Retirement System of Ohio now owns 15,775 shares of the technology company's stock valued at $1,080,000 after acquiring an additional 1,174 shares during the last quarter. Unified Investment Management lifted its holdings in Zillow Group by 1.7% in the 2nd quarter. Unified Investment Management now owns 14,144 shares of the technology company's stock valued at $969,000 after purchasing an additional 235 shares in the last quarter. Voya Investment Management LLC boosted its stake in Zillow Group by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 5,778 shares of the technology company's stock worth $386,000 after purchasing an additional 156 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Zillow Group by 8.0% during the first quarter. Rhumbline Advisers now owns 51,030 shares of the technology company's stock worth $3,412,000 after buying an additional 3,765 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Zillow Group in the first quarter valued at about $815,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

About Zillow Group

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.

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