Zillow Group (NASDAQ:Z) Coverage Initiated by Analysts at William Blair

William Blair began coverage on shares of Zillow Group (NASDAQ:Z) in a research note issued to investors on Monday morning,Benzinga reports. The brokerage issued a market perform rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Wedbush restated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a report on Friday, March 28th. They issued a “market perform” rating and a $80.00 price objective for the company. Seven analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Zillow Group Stock Down 3.6 %

Shares of NASDAQ:Z opened at $60.29 on Monday. The company has a 50-day moving average price of $70.72 and a two-hundred day moving average price of $73.17. The firm has a market capitalization of $14.62 billion, a PE ratio of -128.28, a P/E/G ratio of 9.24 and a beta of 2.19. Zillow Group has a twelve month low of $38.45 and a twelve month high of $89.39.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS 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%. Analysts anticipate that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Jeremy Hofmann sold 23,388 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 in the last three months. Company insiders own 23.76% of the company’s stock.

Institutional Investors Weigh In On Zillow Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 196 shares during the last quarter. National Bank of Canada FI purchased a new stake in Zillow Group in the 4th quarter valued at about $55,000. Assetmark Inc. grew its stake in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 741 shares in the last quarter. Blue Trust Inc. increased its position in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 137 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 367 shares in the last quarter. Hedge funds and other institutional investors 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.