Zillow Group, Inc. (NASDAQ:Z - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $56.20.
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on Zillow Group from $65.00 to $61.00 and set an "overweight" rating for the company in a research report on Thursday, May 2nd. Jefferies Financial Group raised their price target on Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Thursday, May 2nd. Finally, Wedbush dropped their price target on Zillow Group from $60.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 2nd.
Read Our Latest Research Report on Z
Zillow Group Price Performance
Shares of Z traded up $2.21 during mid-day trading on Wednesday, hitting $49.02. The company's stock had a trading volume of 4,630,892 shares, compared to its average volume of 3,765,351. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The firm has a 50-day simple moving average of $43.07 and a 200 day simple moving average of $49.87. The firm has a market capitalization of $11.58 billion, a P/E ratio of -71.04 and a beta of 1.95. Zillow Group has a 1-year low of $33.80 and a 1-year high of $61.13.
Zillow Group (NASDAQ:Z - Get Free Report) last posted 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). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. During the same period in the prior year, the business earned ($0.06) earnings per share. Analysts predict that Zillow Group will post -0.4 EPS for the current fiscal year.
Insider Transactions at Zillow Group
In related news, insider Errol G. Samuelson sold 4,219 shares of the business's stock in a transaction dated 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 directly owns 168,863 shares of the company's stock, valued at $8,375,604.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Susan Daimler sold 4,931 shares of the company's stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.29, for a total transaction of $218,393.99. Following the completion of the transaction, the insider now directly owns 19,556 shares of the company's stock, valued at $866,135.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Errol G. Samuelson sold 4,219 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares of the company's stock, valued at $8,375,604.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,260 shares of company stock valued at $2,846,739. 23.76% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Zillow Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in Z. FMR LLC grew its holdings in 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 in the last quarter. Assenagon Asset Management S.A. boosted its stake in Zillow Group by 7,507.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider's stock valued at $55,301,000 after purchasing an additional 1,118,782 shares in the last quarter. Natixis bought a new position in Zillow Group during the 1st quarter valued at $41,129,000. Greencape Capital Pty Ltd boosted its stake in 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 valued at $79,647,000 after purchasing an additional 786,600 shares in the last quarter. Finally, Norges Bank bought a new position in Zillow Group during the 4th quarter valued at $34,718,000. 71.01% of the stock is owned by institutional investors.
About Zillow Group
(Get Free Report
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.
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