Zillow Group, Inc. (NASDAQ:Z) Receives Average Rating of “Buy” from Analysts

Shares of Zillow Group, Inc. (NASDAQ:ZGet Rating) have received an average rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $130.00.

Several research firms have recently issued reports on Z. Wolfe Research began coverage on Zillow Group in a report on Tuesday, January 4th. They set a “market perform” rating on the stock. Jefferies Financial Group reduced their price objective on Zillow Group from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, February 3rd.

Z stock opened at $40.00 on Wednesday. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of -19.23 and a beta of 1.33. Zillow Group has a fifty-two week low of $39.82 and a fifty-two week high of $142.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 0.97. The business’s fifty day moving average price is $51.50 and its two-hundred day moving average price is $59.81.

Zillow Group (NASDAQ:ZGet Rating) last released its earnings results on Thursday, February 10th. The financial services provider reported ($0.74) earnings per share (EPS) for the quarter. The company had revenue of $3.88 billion for the quarter. Zillow Group had a negative return on equity of 7.26% and a negative net margin of 6.48%.

In other Zillow Group news, CAO Jennifer Rock sold 1,259 shares of the stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $62.90, for a total value of $79,191.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Arik Prawer sold 9,175 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $60.22, for a total value of $552,518.50. The disclosure for this sale can be found here. Insiders sold 35,112 shares of company stock worth $2,099,708 over the last ninety days. 14.63% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in shares of Zillow Group by 8,855.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 4,209 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 4,162 shares during the last quarter. Westside Investment Management Inc. increased its holdings in Zillow Group by 86.2% in the first quarter. Westside Investment Management Inc. now owns 540 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Zillow Group in the first quarter worth approximately $896,000. Kovitz Investment Group Partners LLC bought a new stake in Zillow Group in the first quarter worth approximately $256,000. Finally, Exane Derivatives bought a new stake in Zillow Group in the first quarter worth approximately $213,000. Institutional investors own 70.57% of the company’s stock.

About Zillow Group (Get Rating)

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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