Zillow Group’s (Z) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Zillow Group (NASDAQ:Z) in a report issued on Monday,Benzinga reports. They currently have a $100.00 price objective on the financial services provider’s stock.

Z has been the topic of several other reports. William Blair initiated coverage on Zillow Group in a research report on Monday, April 21st. They issued a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Morgan Stanley increased their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $84.50.

Zillow Group Stock Performance

Shares of Z opened at $67.88 on Monday. The business’s fifty day moving average price is $67.97 and its two-hundred day moving average price is $73.38. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of -144.43, a PEG ratio of 9.24 and a beta of 2.23. Zillow Group has a 52 week low of $39.05 and a 52 week high of $89.39.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.44). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, research analysts forecast that Zillow Group will post 0.32 EPS for the current year.

Insider Buying and Selling

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the sale, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,919 shares of company stock valued at $5,744,978. Company insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in Z. Caxton Associates LP acquired a new stake in Zillow Group in the fourth quarter valued at approximately $51,835,000. Castle Hook Partners LP acquired a new stake in Zillow Group in the 4th quarter valued at $49,887,000. Polar Capital Holdings Plc bought a new position in Zillow Group in the 4th quarter valued at about $33,504,000. Altimeter Capital Management LP raised its position in Zillow Group by 52.0% in the 4th quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider’s stock valued at $96,320,000 after buying an additional 445,158 shares during the last quarter. Finally, Ninety One UK Ltd grew its holdings in shares of Zillow Group by 11.4% in the first quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider’s stock valued at $276,263,000 after acquiring an additional 411,742 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

About Zillow Group

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.