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

Shares of Zillow Group, Inc. (NASDAQ:Z) have received a consensus recommendation of “Moderate Buy” from the four ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $58.75.

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. upped their price objective on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th.

Zillow Group Trading Down 0.0 %

Z opened at $43.65 on Tuesday. The company has a market cap of $10.19 billion, a P/E ratio of -64.19 and a beta of 1.75. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $49.54 and its 200-day moving average is $48.96. Zillow Group has a 1-year low of $33.80 and a 1-year high of $61.13.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. Equities research analysts predict that Zillow Group will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Dan Spaulding sold 3,086 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock valued at $9,642,508 in the last three months. Insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its stake in Zillow Group by 0.5% during the first quarter. Commonwealth Equity Services LLC now owns 86,527 shares of the financial services provider’s stock worth $4,221,000 after acquiring an additional 403 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Zillow Group by 34.3% during the 1st quarter. Principal Financial Group Inc. now owns 13,063 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 3,339 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Zillow Group in the 1st quarter valued at about $1,408,000. Carmel Capital Partners LLC increased its position in Zillow Group by 15.1% in the 1st quarter. Carmel Capital Partners LLC now owns 15,820 shares of the financial services provider’s stock valued at $772,000 after buying an additional 2,071 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Zillow Group by 7,507.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider’s stock worth $55,301,000 after buying an additional 1,118,782 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

About Zillow Group

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.