Zillow Group, Inc. (NASDAQ:Z) Receives Average Recommendation of “Moderate Buy” from Analysts

Zillow Group, Inc. (NASDAQ:Z) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $77.00.

A number of brokerages have recently weighed in on Z. Deutsche Bank Aktiengesellschaft cut their price objective on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Keefe, Bruyette & Woods cut their price objective on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, May 7th. Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 3,078 shares of Zillow Group stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $115,117.20. Following the completion of the sale, the insider directly owned 49,696 shares in the company, valued at approximately $1,858,630.40. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Wacksman sold 9,072 shares of Zillow Group stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $36.54, for a total transaction of $331,490.88. Following the sale, the chief executive officer owned 153,699 shares of the company’s stock, valued at approximately $5,616,161.46. The trade was a 5.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 42,119 shares of company stock worth $1,578,206. Corporate insiders own 23.76% of the company’s stock.

Institutional Trading of Zillow Group

Several institutional investors and hedge funds have recently bought and sold shares of Z. Vanguard Group Inc. lifted its stake in shares of Zillow Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after purchasing an additional 71,336 shares during the period. Independent Franchise Partners LLP lifted its stake in shares of Zillow Group by 0.9% in the 4th quarter. Independent Franchise Partners LLP now owns 10,953,405 shares of the financial services provider’s stock valued at $747,241,000 after purchasing an additional 94,569 shares during the period. Capital World Investors lifted its stake in shares of Zillow Group by 1.8% in the 4th quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider’s stock valued at $738,554,000 after purchasing an additional 191,058 shares during the period. Tiger Global Management LLC lifted its stake in shares of Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after purchasing an additional 1,312,000 shares during the period. Finally, State Street Corp lifted its stake in shares of Zillow Group by 3.9% in the 4th quarter. State Street Corp now owns 3,838,788 shares of the financial services provider’s stock valued at $261,882,000 after purchasing an additional 143,726 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Down 1.7%

Z stock opened at $35.74 on Wednesday. The firm has a 50 day moving average of $41.85 and a 200 day moving average of $55.29. The stock has a market capitalization of $8.18 billion, a PE ratio of 142.96, a price-to-earnings-growth ratio of 1.55 and a beta of 2.07. Zillow Group has a 52 week low of $34.70 and a 52 week high of $93.88.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. On average, equities research analysts expect that Zillow Group will post 0.9 earnings per share for the current year.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.