Zillow Group (NASDAQ:Z) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

Z has been the topic of a number of other reports. Benchmark reduced their target price on shares of Zillow Group from $75.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday. TheStreet upgraded shares of Zillow Group from a “d+” rating to a “c-” rating in a report on Monday, January 6th. Morgan Stanley increased their target price on shares of Zillow Group from $40.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Finally, KeyCorp started coverage on shares of Zillow Group in a report on Friday, February 28th. They set a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $53.50.

Zillow Group stock traded up $1.25 during mid-day trading on Thursday, reaching $41.14. 158,760 shares of the company’s stock were exchanged, compared to its average volume of 5,345,889. The company has a market cap of $7.71 billion, a P/E ratio of -27.63 and a beta of 0.35. Zillow Group has a twelve month low of $20.04 and a twelve month high of $66.68. The company has a quick ratio of 2.90, a current ratio of 3.81 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $47.16 and a 200-day moving average of $40.74.

In related news, Chairman Lloyd D. Frink sold 4,200 shares of Zillow Group stock in a transaction on Monday, January 6th. The shares were sold at an average price of $44.28, for a total transaction of $185,976.00. Following the sale, the chairman now directly owns 3,271,407 shares in the company, valued at approximately $144,857,901.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeremy Wacksman sold 199,600 shares of Zillow Group stock in a transaction on Monday, February 24th. The stock was sold at an average price of $60.36, for a total transaction of $12,047,856.00. Following the sale, the insider now owns 27,468 shares in the company, valued at $1,657,968.48. The disclosure for this sale can be found here. Insiders sold a total of 387,492 shares of company stock worth $23,050,789 over the last 90 days. Company insiders own 19.87% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Sowell Financial Services LLC raised its position in Zillow Group by 58.1% during the fourth quarter. Sowell Financial Services LLC now owns 544 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in Zillow Group by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,821 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 220 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in Zillow Group during the fourth quarter worth about $2,860,000. Public Employees Retirement System of Ohio raised its position in Zillow Group by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 39,907 shares of the financial services provider’s stock worth $1,190,000 after acquiring an additional 325 shares during the last quarter. Finally, Utah Retirement Systems raised its position in Zillow Group by 1.7% during the fourth quarter. Utah Retirement Systems now owns 23,845 shares of the financial services provider’s stock worth $1,095,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 77.52% of the company’s stock.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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