Zillow Group, Inc. (NASDAQ:Z) Receives $58.75 Consensus Target Price from Brokerages

Zillow Group, Inc. (NASDAQ:Z) has received a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $58.75.

Z has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. boosted their target price on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, January 26th.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 3,086 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the sale, the insider now directly owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the sale, the insider now directly owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $56,037.66. Following the sale, the general counsel now directly owns 17,181 shares of the company’s stock, valued at $996,669.81. The disclosure for this sale can be found here. Insiders sold 171,289 shares of company stock valued at $9,642,508 in the last three months. Corporate insiders own 15.30% of the company’s stock.

Institutional Trading of Zillow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Zillow Group by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider’s stock worth $1,166,953,000 after buying an additional 1,837,593 shares during the last quarter. FMR LLC boosted its stake in shares of Zillow Group by 203.1% in the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after buying an additional 2,312,241 shares during the last quarter. Eminence Capital LP boosted its stake in shares of Zillow Group by 11.9% in the 3rd quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider’s stock worth $142,416,000 after buying an additional 329,191 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Zillow Group by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 2,687,165 shares of the financial services provider’s stock worth $119,353,000 after buying an additional 66,732 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its stake in shares of Zillow Group by 3.9% in the 4th quarter. Baillie Gifford & Co. now owns 2,480,990 shares of the financial services provider’s stock worth $79,913,000 after buying an additional 93,363 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Performance

Z stock opened at $47.99 on Friday. The stock has a 50-day moving average price of $53.18 and a 200-day moving average price of $49.10. Zillow Group has a 1-year low of $33.80 and a 1-year high of $61.13. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The firm has a market cap of $11.20 billion, a PE ratio of -70.57 and a beta of 1.76.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The firm had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. As a group, equities research analysts expect that Zillow Group will post -0.15 earnings per share for the current year.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.