Shares of Zillow Group Inc (NASDAQ:Z) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $61.00.
Several equities research analysts have weighed in on the company. Morgan Stanley upped their price target on Zillow Group from $31.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Needham & Company LLC raised Zillow Group from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Monday, June 8th. Finally, BidaskClub cut shares of Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 16th.
Zillow Group stock opened at $68.39 on Tuesday. The company has a market capitalization of $14.56 billion, a PE ratio of -35.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.94. Zillow Group has a fifty-two week low of $20.04 and a fifty-two week high of $71.00. The firm has a 50 day moving average price of $61.39 and a 200 day moving average price of $50.42.
Zillow Group (NASDAQ:Z) last posted its earnings results on Thursday, May 7th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter. Zillow Group had a negative return on equity of 9.76% and a negative net margin of 11.75%. The firm had revenue of $1.13 billion for the quarter.
In other news, insider Arik Prawer sold 5,292 shares of Zillow Group stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $46.87, for a total value of $248,036.04. Following the sale, the insider now owns 147,719 shares of the company’s stock, valued at $6,923,589.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard N. Barton sold 500,000 shares of Zillow Group stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $65.73, for a total transaction of $32,865,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 979,438 shares of company stock valued at $63,338,773 over the last ninety days. 19.87% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Sands Capital Management LLC acquired a new position in Zillow Group during the first quarter worth about $142,696,000. Capital World Investors grew its holdings in shares of Zillow Group by 238.3% in the 1st quarter. Capital World Investors now owns 1,776,028 shares of the financial services provider’s stock worth $63,973,000 after acquiring an additional 1,251,028 shares during the period. Norges Bank purchased a new position in Zillow Group in the 4th quarter valued at approximately $54,982,000. Eminence Capital LP raised its holdings in Zillow Group by 36.1% during the first quarter. Eminence Capital LP now owns 4,394,300 shares of the financial services provider’s stock worth $158,283,000 after purchasing an additional 1,166,538 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Zillow Group during the first quarter worth $15,687,000. Hedge funds and other institutional investors own 77.33% of the company’s stock.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
Recommended Story: Understanding Average Daily Trade Volume
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.