Zillow Group’s (Z) “Hold” Rating Reaffirmed at Needham & Company LLC

Zillow Group (NASDAQ:Z)‘s stock had its “hold” rating reiterated by equities research analysts at Needham & Company LLC in a research note issued to investors on Thursday, Benzinga reports.

Several other equities research analysts have also commented on Z. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Bank of America raised their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.33.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $58.68 on Thursday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $60.87 and its two-hundred day moving average price is $51.60. Zillow Group has a 52-week low of $35.44 and a 52-week high of $68.73. The stock has a market capitalization of $13.58 billion, a P/E ratio of -96.20 and a beta of 1.95.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. As a group, sell-side analysts forecast that Zillow Group will post -0.33 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now owns 582 shares of the company’s stock, valued at $29,583.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Chairman Lloyd D. Frink sold 150,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the transaction, the chairman now owns 582 shares in the company, valued at approximately $29,583.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thielke Claire Cormier sold 2,826 shares of Zillow Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the transaction, the director now owns 2,826 shares in the company, valued at $172,696.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,949 shares of company stock valued at $11,580,982 in the last quarter. Company insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Zillow Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after acquiring an additional 176,449 shares in the last quarter. Capital World Investors boosted its position in shares of Zillow Group by 2.8% during the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after acquiring an additional 238,554 shares in the last quarter. Dorsal Capital Management LP boosted its position in Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after buying an additional 1,160,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Zillow Group by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock worth $66,032,000 after buying an additional 139,489 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its stake in Zillow Group by 238.9% during the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after buying an additional 609,575 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Company Profile

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.