Zelman & Associates Reaffirms Neutral Rating for Zillow Group (NASDAQ:Z)

Zillow Group (NASDAQ:Z)‘s stock had its “neutral” rating reiterated by investment analysts at Zelman & Associates in a research note issued to investors on Friday,Benzinga reports.

Other equities analysts have also issued reports about the company. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Monday, May 5th. William Blair began coverage on Zillow Group in a research report on Monday, April 21st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods cut their target price on Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th. Wells Fargo & Company raised Zillow Group to a “hold” rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their price target on Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.29.

Zillow Group Price Performance

Shares of Z opened at $80.92 on Friday. The stock’s 50-day moving average is $74.62 and its two-hundred day moving average is $72.69. The stock has a market cap of $19.54 billion, a PE ratio of -311.23, a P/E/G ratio of 14.95 and a beta of 2.09. Zillow Group has a 12 month low of $49.63 and a 12 month high of $89.39.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 7,959 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $549,011.82. Following the completion of the sale, the chief financial officer owned 97,481 shares of the company’s stock, valued at $6,724,239.38. The trade was a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jun Choo sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $70.65, for a total transaction of $706,500.00. Following the sale, the chief operating officer directly owned 120,186 shares of the company’s stock, valued at approximately $8,491,140.90. This trade represents a 7.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,371 shares of company stock worth $5,775,204. Corporate insiders own 25.03% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in shares of Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after buying an additional 338 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Zillow Group by 352.0% in the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after buying an additional 352 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. National Pension Service lifted its position in shares of Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 247 shares in the last quarter. Finally, 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 valued at $42,000 after purchasing an additional 196 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.