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

Zillow Group, Inc. (NASDAQ:Z) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $83.71.

A number of equities analysts recently commented on Z shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. William Blair assumed coverage on Zillow Group in a research report on Monday, April 21st. They issued a “market perform” rating on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th.

Insiders Place Their Bets

In related news, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,919 shares of company stock valued at $5,744,978. Insiders own 25.03% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently made changes to their positions in Z. Charles Schwab Investment Management Inc. grew its holdings in Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after purchasing an additional 11,727 shares during the period. Proficio Capital Partners LLC acquired a new stake in Zillow Group in the 4th quarter valued at $7,375,000. Vinva Investment Management Ltd purchased a new stake in Zillow Group in the 4th quarter worth $1,187,000. Donoghue Forlines LLC acquired a new position in Zillow Group during the fourth quarter worth $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Zillow Group by 18.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock valued at $3,267,000 after purchasing an additional 6,900 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Z stock opened at $67.93 on Friday. The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of -144.53, a PEG ratio of 9.24 and a beta of 2.23. The business has a 50 day simple moving average of $67.72 and a two-hundred day simple moving average of $73.46. Zillow Group has a 1-year low of $39.05 and a 1-year high of $89.39.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Sell-side analysts anticipate that Zillow Group will post 0.32 EPS for the current fiscal year.

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.