Zillow Group (Z) Downgraded to “Sell” at BidaskClub
BidaskClub downgraded shares of Zillow Group (NASDAQ:Z) from a hold rating to a sell rating in a report released on Saturday morning.
A number of other brokerages have also weighed in on Z. Benchmark restated a buy rating and issued a $55.00 price objective on shares of Zillow Group in a report on Thursday, October 5th. Canaccord Genuity raised their price objective on shares of Zillow Group from $52.00 to $53.00 and gave the company a buy rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $47.44.
Shares of Zillow Group (NASDAQ:Z) opened at $42.48 on Friday. Zillow Group has a fifty-two week low of $32.56 and a fifty-two week high of $51.23. The firm has a market cap of $5,170.00 and a price-to-earnings ratio of -193.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.44 and a quick ratio of 6.44.
Hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. increased its stake in Zillow Group by 2.1% in the second quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 57 shares during the period. JPMorgan Chase & Co. increased its stake in Zillow Group by 878.9% in the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 2,830 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in Zillow Group in the third quarter valued at $130,000. ETF Managers Group LLC acquired a new position in Zillow Group in the second quarter valued at $167,000. Finally, Virtu KCG Holdings LLC acquired a new position in Zillow Group in the second quarter valued at $206,000. Institutional investors own 58.00% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2018/01/03/zillow-group-z-downgraded-to-sell-at-bidaskclub.html.
Zillow Group Company Profile
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.
Receive News & Stock Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related stocks with our FREE daily email newsletter.