Zillow Group (NASDAQ:Z - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at Zelman & Associates in a research note issued on Friday,Benzinga reports.
A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Zillow Group from $79.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Keefe, Bruyette & Woods reduced their target price on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday, May 7th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. Finally, Bank of America boosted their target price on shares of Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.29.
Read Our Latest Stock Analysis on Z
Zillow Group Price Performance
Shares of Zillow Group stock traded down $3.71 during trading on Friday, hitting $80.92. 2,949,665 shares of the company were exchanged, compared to its average volume of 2,651,604. The firm has a market capitalization of $19.54 billion, a P/E ratio of -311.23, a price-to-earnings-growth ratio of 15.73 and a beta of 2.09. The firm's fifty day moving average price is $74.33 and its 200 day moving average price is $72.71. Zillow Group has a 1-year low of $49.63 and a 1-year high of $89.39.
Insider Buying and Selling
In other Zillow Group news, CEO Jeremy Wacksman sold 10,984 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $757,676.32. Following the completion of the sale, the chief executive officer owned 171,517 shares in the company, valued at approximately $11,831,242.66. The trade was a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 7,959 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $549,011.82. Following the completion of the transaction, the chief financial officer directly owned 97,481 shares in the company, valued at approximately $6,724,239.38. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,371 shares of company stock worth $5,775,204 over the last 90 days. 25.03% of the stock is owned by company insiders.
Institutional Investors Weigh In On Zillow Group
Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Zillow Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider's stock valued at $1,548,767,000 after purchasing an additional 1,628,577 shares during the period. Independent Franchise Partners LLP boosted its stake 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 valued at $764,697,000 after buying an additional 271,084 shares during the period. Ninety One UK Ltd grew its holdings in shares of Zillow Group by 17.4% during the second quarter. Ninety One UK Ltd now owns 4,731,948 shares of the financial services provider's stock worth $331,473,000 after purchasing an additional 702,445 shares in the last quarter. Dorsal Capital Management LP increased its holdings in shares of Zillow Group by 4.7% in the 4th quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock worth $248,068,000 after buying an additional 150,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Zillow Group by 2.3% during the second quarter. Geode Capital Management LLC now owns 3,142,403 shares of the financial services provider's stock worth $219,467,000 after purchasing an additional 69,630 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.
About Zillow Group
(
Get Free Report)
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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