Zillow Group, Inc. (NASDAQ:Z) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Zillow Group, Inc. (NASDAQ:Z) have received a consensus recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $90.60.

Several brokerages have commented on Z. Barclays upgraded shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday. Finally, Keefe, Bruyette & Woods cut their target price on Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, February 9th.

Zillow Group Trading Down 0.8%

Zillow Group stock opened at $43.45 on Monday. The company has a fifty day simple moving average of $65.62 and a 200-day simple moving average of $73.90. The stock has a market cap of $10.52 billion, a P/E ratio of 482.83, a price-to-earnings-growth ratio of 3.25 and a beta of 2.08. Zillow Group has a 12-month low of $42.50 and a 12-month high of $93.88.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. As a group, sell-side analysts forecast that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 2,164 shares of Zillow Group stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $44.22, for a total value of $95,692.08. Following the transaction, the chief accounting officer directly owned 39,026 shares of the company’s stock, valued at $1,725,729.72. The trade was a 5.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 7,015 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $44.21, for a total transaction of $310,133.15. Following the completion of the sale, the insider owned 113,800 shares of the company’s stock, valued at approximately $5,031,098. This trade represents a 5.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,753 shares of company stock valued at $1,148,029 over the last 90 days. 25.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Zillow Group

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings 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 buying an additional 71,336 shares during the period. Capital World Investors raised its position in Zillow Group by 1.8% in the fourth quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider’s stock worth $738,554,000 after acquiring an additional 191,058 shares in the last quarter. Ninety One UK Ltd lifted its holdings in Zillow Group by 2.0% in the third quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock valued at $371,788,000 after acquiring an additional 93,339 shares during the period. Eminence Capital LP boosted its position in shares of Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after purchasing an additional 1,546,577 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Zillow Group by 3.9% during the 4th quarter. State Street Corp now owns 3,838,788 shares of the financial services provider’s stock worth $261,882,000 after purchasing an additional 143,726 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Trending Headlines about Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zelman & Associates upgraded Zillow from “hold” to “strong-buy,” giving the stock a near-term bullish analyst catalyst. Zacks Zelman Upgrade
• Positive Sentiment: Some investors/analysts view the pullback as a buying opportunity — a Seeking Alpha piece argues AI competition is not an existential threat and recommends buying the plunge, which could support bargain-hunters. Seeking Alpha: Buy The Plunge
• Neutral Sentiment: Q4 revenue of about $654M slightly topped Wall Street’s estimate, a mild positive for top-line momentum but not enough to offset the EPS miss. Benzinga: Earnings Recap
• Negative Sentiment: Zillow missed on adjusted EPS ($0.39 vs. $0.42 expected), which is the primary driver cited for the recent selloff and the weekly/near-term price weakness. Benzinga: Earnings Miss
• Negative Sentiment: The stock has hit a new 52‑week / 12‑month low, reflecting investor concern and technical weakness that can prompt further selling. Investing.com: 52-Week Low
• Negative Sentiment: Multiple insiders — including the general counsel, CTO, COO and CAO — sold shares in mid‑February, which may be interpreted negatively by the market even if the trades are routine. (SEC filings disclose the trades.) SEC Form 4 Insider Sales
• Negative Sentiment: Ongoing litigation and related disclosures remain a drag on sentiment and are cited in coverage as an additional headwind for the stock. MSN: Litigation Pressure
• Negative Sentiment: Broader analyst and media coverage highlights the projected earnings shortfall as the catalyst for the sharp weekly decline, reinforcing negative sentiment. The Motley Fool: Why Stock Dropped

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.