Zillow Group’s (Z) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of Zillow Group (NASDAQ:Z) in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on Z. Bank of America upped their target price on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. lifted their price objective on shares of Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, Oppenheimer started coverage on shares of Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.43.

Zillow Group Stock Performance

Z stock opened at $77.12 on Friday. The stock’s 50 day simple moving average is $80.66 and its 200 day simple moving average is $74.75. The company has a market cap of $18.68 billion, a P/E ratio of -296.62, a price-to-earnings-growth ratio of 26.37 and a beta of 2.13. Zillow Group has a fifty-two week low of $57.00 and a fifty-two week high of $93.88.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $89.99, for a total value of $2,249,750.00. Following the transaction, the chief financial officer directly owned 84,146 shares in the company, valued at approximately $7,572,298.54. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erik C. Blachford sold 966 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $81.91, for a total transaction of $79,125.06. Following the completion of the sale, the director directly owned 34,508 shares in the company, valued at $2,826,550.28. This represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 657,087 shares of company stock worth $56,286,479. 23.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Zillow Group

A number of large investors have recently modified their holdings of the company. TD Private Client Wealth LLC boosted its stake in 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 worth $32,000 after buying an additional 352 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Zillow Group by 288.9% in the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 338 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Zillow Group by 58.2% in the 2nd 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 boosted its stake in shares of Zillow Group by 74.8% in the 1st 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 grew its holdings in shares of Zillow Group by 47.7% during the 1st 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 during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

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.