Zillow Group, Inc. (NASDAQ:ZG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Zillow Group, Inc. (NASDAQ:ZG) have earned a consensus rating of “Hold” from the twenty-nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $85.5217.

ZG has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Zillow Group in a research note on Monday, December 15th. Citigroup reiterated a “market outperform” rating on shares of Zillow Group in a research report on Monday, November 24th. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 target price on shares of Zillow Group in a report on Friday, October 31st. Finally, Mizuho restated a “neutral” rating and set a $70.00 target price (down previously from $100.00) on shares of Zillow Group in a research report on Friday.

Zillow Group Stock Down 2.0%

Shares of ZG opened at $67.16 on Friday. Zillow Group has a 52-week low of $56.63 and a 52-week high of $90.22. The company has a 50-day simple moving average of $69.52 and a 200-day simple moving average of $73.93. The company has a market capitalization of $16.26 billion, a PE ratio of -479.68, a P/E/G ratio of 3.72 and a beta of 2.03.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The company had revenue of $676.00 million for the quarter, compared to analyst estimates of $670.28 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, research analysts anticipate that Zillow Group will post 0.32 EPS for the current year.

Insider Activity

In other news, CEO Jeremy Wacksman sold 10,855 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.99, for a total value of $759,741.45. Following the completion of the sale, the chief executive officer owned 134,712 shares of the company’s stock, valued at $9,428,492.88. This represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 7,641 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total transaction of $543,504.33. Following the completion of the transaction, the insider owned 120,815 shares of the company’s stock, valued at $8,593,570.95. This trade represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,511 shares of company stock valued at $4,766,357 in the last three months. Company insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZG. Vanguard Personalized Indexing Management LLC increased its stake in shares of Zillow Group by 3.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,550 shares of the technology company’s stock valued at $312,000 after acquiring an additional 131 shares during the period. DoubleLine ETF Adviser LP increased its position in shares of Zillow Group by 4.9% during the 3rd quarter. DoubleLine ETF Adviser LP now owns 3,214 shares of the technology company’s stock valued at $239,000 after purchasing an additional 150 shares during the period. Voya Investment Management LLC increased its position in shares of Zillow Group by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 5,778 shares of the technology company’s stock valued at $386,000 after purchasing an additional 156 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Zillow Group by 4.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock worth $256,000 after buying an additional 156 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Zillow Group by 78.9% in the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after buying an additional 187 shares during the period. 20.32% of the stock is owned by institutional investors.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.