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

Zillow Group (NASDAQ:Z)‘s stock had its “hold” rating reaffirmed by Needham & Company LLC in a report issued on Wednesday,Benzinga reports.

Z has been the topic of several other reports. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Financial Group boosted their price target on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Bank of America increased their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $86.32 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group has a 52-week low of $38.45 and a 52-week high of $89.39. The company has a fifty day moving average of $78.82 and a 200-day moving average of $68.06. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of -151.44, a price-to-earnings-growth ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Equities research analysts expect that Zillow Group will post -0.42 EPS for the current year.

Insider Activity at Zillow Group

In related news, COO Jun Choo sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the transaction, the chief operating officer now owns 88,130 shares in the company, valued at approximately $6,618,563. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 8,225 shares of Zillow Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $73.05, for a total transaction of $600,836.25. Following the completion of the sale, the chief accounting officer now owns 61,424 shares in the company, valued at approximately $4,487,023.20. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,730 shares of company stock worth $10,896,034. 23.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of Z. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group during the 3rd quarter worth approximately $35,000. Blue Trust Inc. lifted its stake in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares during the last quarter. Assetmark Inc. boosted its holdings in Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 741 shares during the period. Finally, Brooklyn Investment Group bought a new position in Zillow Group in the 3rd quarter valued at $74,000. 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.