Zillow Group, Inc. (NASDAQ:Z) Receives $58.75 Average PT from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:Z) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $56.20.

Z has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Wedbush decreased their target price on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group increased 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.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the sale, the insider now owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Errol G. Samuelson sold 4,219 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the sale, the insider now owns 168,863 shares in the company, valued at approximately $8,375,604.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Daimler sold 15,206 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $56.36, for a total value of $857,010.16. Following the completion of the sale, the insider now directly owns 36,148 shares in the company, valued at approximately $2,037,301.28. The disclosure for this sale can be found here. In the last three months, insiders sold 171,289 shares of company stock valued at $9,642,508. Corporate insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Zillow Group by 203.1% during the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after purchasing an additional 2,312,241 shares during the last quarter. Eminence Capital LP grew its holdings in 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 valued at $142,416,000 after buying an additional 329,191 shares during the period. Ninety One UK Ltd increased its stake in shares of Zillow Group by 29.4% during the 4th quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after acquiring an additional 431,070 shares during the last quarter. Greencape Capital Pty Ltd lifted its holdings in shares of Zillow Group by 93.0% during the 1st quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after acquiring an additional 786,600 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Zillow Group by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,475,559 shares of the financial services provider’s stock worth $85,376,000 after acquiring an additional 80,529 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Shares of Z stock opened at $41.70 on Tuesday. Zillow Group has a 1 year low of $33.80 and a 1 year high of $61.13. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average is $48.32 and its two-hundred day moving average is $48.95.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.42). The firm had revenue of $529.00 million for the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. During the same period last year, the firm earned ($0.06) EPS. As a group, sell-side analysts forecast that Zillow Group will post -0.18 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.