BidaskClub upgraded shares of Zillow Group, Inc. (NASDAQ:Z) from a sell rating to a hold rating in a research report report published on Monday.

Other equities analysts also recently issued research reports about the stock. Cowen and Company reissued a hold rating on shares of Zillow Group in a research note on Friday, July 14th. Deutsche Bank AG raised their target price on shares of Zillow Group to $50.00 and gave the company a neutral rating in a research note on Monday, August 7th. Stifel Nicolaus reissued a buy rating and issued a $54.50 target price (up previously from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Finally, Benchmark Co. reissued a buy rating and issued a $55.00 target price on shares of Zillow Group in a research note on Sunday, July 2nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Zillow Group presently has a consensus rating of Buy and an average target price of $46.06.

Zillow Group (NASDAQ:Z) traded down 0.13% during mid-day trading on Monday, reaching $39.87. 89,853 shares of the company traded hands. The stock has a 50-day moving average of $39.99 and a 200 day moving average of $39.99. The stock’s market capitalization is $7.39 billion. Zillow Group has a 52-week low of $31.22 and a 52-week high of $40.98.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. The company had revenue of $266.85 million for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. Equities research analysts expect that Zillow Group will post $0.50 earnings per share for the current year.

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In other news, CEO Spencer M. Rascoff sold 20,940 shares of Zillow Group stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $39.57, for a total value of $828,595.80. Following the completion of the transaction, the chief executive officer now directly owns 6,614 shares of the company’s stock, valued at approximately $261,715.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Errol G. Samuelson sold 7,050 shares of Zillow Group stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $49.30, for a total transaction of $347,565.00. Following the completion of the transaction, the insider now directly owns 34,727 shares of the company’s stock, valued at $1,712,041.10. The disclosure for this sale can be found here. Insiders sold a total of 274,111 shares of company stock valued at $12,201,269 over the last ninety days. Company insiders own 26.97% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Caledonia Private Investments Pty Ltd lifted its position in Zillow Group by 3.0% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 26,741,104 shares of the financial services provider’s stock valued at $1,306,036,000 after purchasing an additional 781,207 shares during the last quarter. Wellington Management Group LLP lifted its position in Zillow Group by 19.1% in the 1st quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock valued at $515,579,000 after purchasing an additional 2,452,824 shares during the last quarter. Vanguard Group Inc. lifted its position in Zillow Group by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock valued at $414,114,000 after purchasing an additional 179,802 shares during the last quarter. BlackRock Inc. lifted its position in Zillow Group by 1,820.7% in the 1st quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock valued at $184,301,000 after purchasing an additional 5,188,752 shares during the last quarter. Finally, SRS Investment Management LLC lifted its position in Zillow Group by 89.3% in the 1st quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock valued at $157,187,000 after purchasing an additional 2,202,599 shares during the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.

About Zillow Group

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Analyst Recommendations for Zillow Group (NASDAQ:Z)

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