William Blair Begins Coverage on Zillow Group (NASDAQ:Z)

Equities researchers at William Blair started coverage on shares of Zillow Group (NASDAQ:Z - Get Free Report) in a research note issued on Monday, MarketBeat.com reports. The firm set a "market perform" rating on the financial services provider's stock. William Blair also issued estimates for Zillow Group's FY2025 earnings at $0.42 EPS and FY2026 earnings at $1.53 EPS.

A number of other analysts also recently issued reports on Z. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W raised Zillow Group to a "hold" rating in a report on Friday, January 31st. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Seven equities research 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.71.

Zillow Group Trading Up 0.7 %

NASDAQ:Z traded up $0.44 during trading hours on Monday, reaching $66.27. 1,231,437 shares of the company traded hands, compared to its average volume of 3,346,416. Zillow Group has a 1 year low of $38.45 and a 1 year high of $89.39. The stock has a market capitalization of $16.07 billion, a P/E ratio of -141.00, a P/E/G ratio of 9.24 and a beta of 2.19. The business's 50-day moving average price is $69.51 and its two-hundred day moving average price is $73.10.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jun Choo sold 55,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock worth $7,869,478 over the last three months. 23.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 196 shares during the last quarter. National Bank of Canada FI purchased a new position in Zillow Group in the 4th quarter worth about $55,000. Assetmark Inc. lifted its holdings in Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after buying an additional 741 shares in the last quarter. Blue Trust Inc. boosted its position in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after buying an additional 137 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after acquiring an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

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.