BidaskClub upgraded shares of Zillow Group (NASDAQ:Z) from a sell rating to a hold rating in a report issued on Tuesday morning.

A number of other research firms have also recently weighed in on Z. Morgan Stanley raised Zillow Group from an equal weight rating to an overweight rating and set a $50.00 price objective on the stock in a research report on Wednesday, January 10th. Benchmark reaffirmed a buy rating and set a $55.00 price objective on shares of Zillow Group in a research report on Thursday, October 5th. Finally, Canaccord Genuity lifted their price objective on Zillow Group from $52.00 to $53.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Zillow Group presently has a consensus rating of Buy and an average target price of $48.81.

Zillow Group (NASDAQ:Z) traded down $0.13 during trading on Tuesday, hitting $44.40. The company’s stock had a trading volume of 1,030,200 shares, compared to its average volume of 915,940. The company has a market cap of $5,610.00 and a P/E ratio of -201.82. Zillow Group has a 1-year low of $32.56 and a 1-year high of $51.23. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.05 earnings per share for the quarter. Zillow Group had a negative return on equity of 0.25% and a negative net margin of 3.99%.

In related news, CEO Spencer M. Rascoff sold 58,050 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $42.03, for a total value of $2,439,841.50. Following the transaction, the chief executive officer now directly owns 70,050 shares of the company’s stock, valued at approximately $2,944,201.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Jeremy Wacksman sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $42.31, for a total value of $951,975.00. Following the completion of the transaction, the chief marketing officer now directly owns 20,468 shares in the company, valued at $866,001.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 678,791 shares of company stock worth $27,500,334. 21.72% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. increased its stake in Zillow Group by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,817 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 57 shares during the last quarter. Prudential Financial Inc. increased its stake in Zillow Group by 1.6% in the 2nd quarter. Prudential Financial Inc. now owns 6,284 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Zillow Group by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,968 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 333 shares during the last quarter. Alliancebernstein L.P. increased its stake in Zillow Group by 0.9% in the 2nd quarter. Alliancebernstein L.P. now owns 62,020 shares of the financial services provider’s stock worth $3,040,000 after acquiring an additional 583 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Zillow Group by 0.6% in the 3rd quarter. California Public Employees Retirement System now owns 220,848 shares of the financial services provider’s stock worth $8,880,000 after acquiring an additional 1,338 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

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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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