Zillow Group (NASDAQ:Z) Receives Outperform Rating from Wedbush

Zillow Group (NASDAQ:Z - Get Free Report)'s stock had its "outperform" rating restated by analysts at Wedbush in a note issued to investors on Monday,Benzinga reports. They presently have a $100.00 target price on the financial services provider's stock. Wedbush's price target indicates a potential upside of 46.05% from the stock's current price.

Z has been the subject of a number of other research reports. Keefe, Bruyette & Woods assumed coverage on Zillow Group in a report on Friday, March 28th. They set a "market perform" rating and a $80.00 price objective for the company. William Blair assumed coverage on shares of Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research note on Monday, April 28th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and an average price target of $85.17.

Zillow Group Stock Performance

Z traded down $0.41 during mid-day trading on Monday, reaching $68.47. The stock had a trading volume of 669,181 shares, compared to its average volume of 3,273,289. The firm's fifty day simple moving average is $68.54 and its two-hundred day simple moving average is $73.43. The stock has a market capitalization of $16.61 billion, a P/E ratio of -145.74, a P/E/G ratio of 9.24 and a beta of 2.23. Zillow Group has a 52 week low of $39.05 and a 52 week high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates 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, analysts expect that Zillow Group will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. The trade was a 10.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jun Choo sold 1,277 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,919 shares of company stock valued at $5,744,978. Company insiders own 23.76% of the company's stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after acquiring an additional 196 shares during the last quarter. National Bank of Canada FI purchased a new position in Zillow Group during the 4th quarter valued at about $55,000. Assetmark Inc. grew its holdings in Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after purchasing an additional 741 shares during the period. Blue Trust Inc. increased its stake in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 137 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 367 shares during the last quarter. Hedge funds and other institutional investors 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.

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