Analysts Set Zillow Group, Inc. (Z) Price Target at $38.60
Shares of Zillow Group, Inc. (NYSE:Z) have received an average recommendation of “Buy” from the six brokerages that are covering the firm. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $38.60.
Several equities analysts have weighed in on Z shares. Morgan Stanley reaffirmed a “buy” rating and issued a $40.00 target price on shares of Zillow Group in a research report on Friday, August 5th. Cowen and Company lifted their target price on Zillow Group from $29.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, August 5th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $42.00 target price (up from $36.00) on shares of Zillow Group in a research report on Monday, August 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 target price on shares of Zillow Group in a research report on Tuesday, October 4th. Finally, TheStreet started coverage on Zillow Group in a research report on Friday, September 2nd. They issued a “hold” rating for the company.
In other Zillow Group news, CEO Spencer M. Rascoff sold 22,400 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $34.16, for a total value of $765,184.00. Following the completion of the sale, the chief executive officer now owns 7,500 shares in the company, valued at $256,200. The sale was disclosed in a document filed with the SEC, which is available through this link.
A number of large investors have recently modified their holdings of the stock. Westpac Banking Corp boosted its stake in shares of Zillow Group by 51.0% in the second quarter. Westpac Banking Corp now owns 4,897 shares of the company’s stock worth $178,000 after buying an additional 1,654 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Zillow Group during the third quarter valued at approximately $176,000. Shell Asset Management Co. boosted its stake in Zillow Group by 10.3% in the third quarter. Shell Asset Management Co. now owns 5,589 shares of the company’s stock valued at $194,000 after buying an additional 522 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Zillow Group by 26.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 6,268 shares of the company’s stock valued at $227,000 after buying an additional 1,293 shares during the period. Finally, GLG LLC bought a new stake in Zillow Group during the second quarter valued at approximately $239,000.
Zillow Group (NYSE:Z) opened at 35.45 on Wednesday. The company has a 50 day moving average of $34.06 and a 200 day moving average of $33.35. The stock’s market capitalization is $6.40 billion. Zillow Group has a 12 month low of $15.36 and a 12 month high of $39.88.
Zillow Group Company Profile
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